I want to revisit lien priorities for this assignment. It is important to have a clear understanding of this concept so I decided to revisit it this week.

Lien priority and homestead exemption

Dan bought his Los Angeles property last December, and its now August. The property is encumbered with the liens shown below. Indicate the order of priority in which the liens would be paid off in case of foreclosure.

Deed of trust for purchase loan (recorded December 19) Deed of trust for equity loan (recorded May 31) Property tax lien for current tax year (attached January 1) Judgment lien (attached June 2) Mechanics lien for work begun on May 22 (recorded June 15)