How are mechanic's liens ranked in priority of liens?

Mechanic's liens are generally ranked in priority based on the date they were filed, placing them below certain other types of liens but above others. In this case, the correct answer highlights that mechanic's liens rank below judgments based on the filing date. This is important because judgments are typically given priority over mechanic's liens due to the principle that a judgment creditor who has taken the effort to secure a court judgment should have a superior claim against the property.

Understanding the hierarchy of liens is crucial in real estate, especially for buyers and lenders, as it helps determine the order in which claims against a property will be paid in the event of a foreclosure or sale. Other lien types, such as real property taxes and certain other statutory liens, have their own established precedences that can further impact this priority order.