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Priority of Purchase-Money Mortgage

by BBR Law | Feb 3, 2016 | Blog, Business Litigation, Real Estate

Priority of Purchase-Money Mortgage Under Indiana law, a “purchase-money mortgage” is given as security for a loan used by the mortgagor (buyer) to acquire legal title to a property.  Indiana Code § 32-29-1-4 provides that “[a] mortgage granted by a purchaser to...

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