Which lien results from a court order requiring payment to a creditor?

Prepare for the PSI Property Ownership Exam with flashcards and multiple choice questions. Each question comes with hints and explanations to optimize your study time. Get exam-ready today!

A judgment lien is a type of lien that is established as a result of a court decision, specifically when a creditor wins a judgment against a debtor. This legal tool allows a creditor to secure a claim against the debtor's property to ensure payment of the debt. Once the court issues a judgment, it can be recorded against the debtor's real estate property, effectively giving the creditor a legal interest in that property until the debt is satisfied.

The process of obtaining a judgment lien begins with the creditor filing a lawsuit against the debtor and successfully proving their claim in court. Once the judgment is rendered, it can then be enforced through the establishment of the lien, which will typically remain effective until the debt is paid or the lien is otherwise removed.

In contrast to this, corrective liens, statutory liens, and mechanic's liens have distinct characteristics and originate from different circumstances. Corrective liens are not as commonly recognized and do not arise from a court order, statutory liens are created by law rather than a court judgment, and mechanic's liens are specific to construction projects and arise when a contractor or supplier has not been paid for their work or materials. Each of these liens serves different purposes and stems from different legal principles.

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