Statutes, codes, and regulations
Mississippi Code 1972
Title 89 - REAL AND PERSONAL PROPERTYChapter 1 - LAND AND CONVEYANCES
IN GENERAL
Section 89-1-45 - Mortgage for purchase money of land

Miss. Code § 89-1-45

Download
PDF
Current through 4/15/2024
Section 89-1-45 - Mortgage for purchase money of land

Every mortgage given at the time of the purchase of real estate to secure the payment of the purchase money, whether such mortgage be given to the seller or to a third-party lender, shall be entitled to a preference over all judgments and other debts of the mortgagor, which preference shall extend only to the land purchased.

Miss. Code § 89-1-45

Codes, 1857, ch. 36, art. 13; 1871, § 2296; 1880, § 1205; 1892, § 2450; 1906, § 2780; Hemingway's 1917, § 2284; 1930, § 2129; 1942, § 850; Laws, 2000, ch. 341, § 1, eff. 7/1/2000.