Idaho Code 45-112 – Priority of Purchase Money Mortgage
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 45-112
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
A mortgage given for the price of real property, at the time of its conveyance, has priority over all other liens created against the purchaser, subject to the operation of the recording laws.