Upon the foreclosure of any mortgage, executed to any vendor of real property or to the vendor's heirs, executors, administrators, or assigns for the balance of the purchase price of the real property, the mortgagee is not entitled to a deficiency judgment on account of the mortgage or note or obligation secured by the mortgage.
Mont. Code Ann. § 71-1-232
Deficiency judgment not allowed on foreclosure of purchase price mortgage
Applied in 1 court decision — leading case Fitch v. Buffalo Federal Savings & Loan Ass'n (1988)
Most recently applied in Fitch v. Buffalo Federal Savings & Loan Ass'n (March 1988)
En
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.