What types of encumbrances can be placed on ownership of real property?

The correct choice encompasses various encumbrances that can affect ownership of real property, specifically highlighting mortgages, liens, and judgments. Each of these encumbrances plays a crucial role in real estate and property law.

Mortgages are agreements where a property is used as collateral for a loan. This means that while the borrower retains use of the property, the lender has a claim against the property until the borrowed amount is paid off. This creates a financial obligation tied to the property.

Liens, on the other hand, are legal claims against the property to secure payment of a debt or obligation. Liens can arise from various sources, such as unpaid taxes or contractor services rendered for repairs or improvements, which grant creditors certain rights concerning the property.

Judgments are court decisions that grant a creditor the right to reclaim debts. When a judgment is filed against a property owner, it can result in liens being placed on the property, essentially impacting the owner's ability to sell or transfer ownership without resolving the underlying debt.

This choice correctly identifies the primary encumbrances that can place limitations or obligations on property ownership, allowing for a comprehensive understanding of how real estate may be affected by external claims and responsibilities.