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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: elaboration Posted by Darryle-Ca on March 12, 2006 at 1:09 PM In Reply to: elaboration posted by Lughead on March 12, 2006 at 12:50 AM : hello darryl : can you elaborate on how a purchase money deed of trust can ignore other liens of record? what sould be the basis of such? : thank you ~~~~~~~~~~~~~~~~~~~~~~ California Civil Code Section 2898a gives a purchase money deed of trust priority over a properly recorded lien against the purchaser. Let's say I have a $50,000.00 judgement against you from 1999. Then next week you decide and buy a condo in Long Beach. Eventhough the purchase money trust deed will be created and executed seven years after my judgement was entered, executed and recorded, it still has priority over it. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : hello darryl : : can you elaborate on how a purchase money deed of trust can ignore other liens of record? what sould be the basis of such? : : thank you : ~~~~~~~~~~~~~~~~~~~~~~ : California Civil Code Section 2898a gives a purchase money deed of trust priority over a properly recorded lien against the purchaser. Let's say I have a $50,000.00 judgement against you from 1999. Then next week you decide and buy a condo in Long Beach. Eventhough the purchase money trust deed will be created and executed seven years after my judgement was entered, executed and recorded, it still has priority over it. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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