Sec. 4. A mortgage granted by a purchaser to secure purchase money has priority over a prior judgment against the purchaser.
Ind. Code § 32-29-1-4
Purchase money mortgage
Applied in 2 court decisions — leading case Phillip Herron v. First Financial Bank, N.A., and First Christian Missionary Baptist Church, Inc. and First Christian Charities, Inc. (mem. dec.) (2017)
Most recently applied in Phillip Herron v. First Financial Bank, N.A., and First Christian Missionary Baptist Church, Inc. and First Christian Charities, Inc. (mem. dec.) (December 2017)
As added by P.L.2-2002, SEC.14.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.