Delaware Code Title 18 Sec. 1130 – Valuation of purchase money mortgages
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Purchase money mortgages on real property referred to in § 1129(a) of this title shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or 90% of the fair value of such real property, whichever is less.
18 Del. C. 1953, § ?1117; 56 Del. Laws, c. 380, § ?1; 80 Del. Laws, c. 117, § ?2;
Terms Used In Delaware Code Title 18 Sec. 1130
- real property: is synonymous with the phrase "lands, tenements and hereditaments. See Delaware Code Title 1 Sec. 302
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.