Mortgage for purchase money of land.

Miss. Code Ann. § 89-1-45
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Every mortgage given at the time of the purchase of real estate to secure the payment of the purchase money, whether such mortgage be given to the seller or to a third-party lender, shall be entitled to a preference over all judgments and other debts of the mortgagor, which preference shall extend only to the land purchased.
Source: Public.Resource.Org MS CodeURL: https://unicourt.github.io/cic-code-ms/transforms/ms/ocms/r78/gov.ms.code.title.89.htmlFetched: 6/10/2026

Starting a business in Mississippi? Mississippi LLC guide: costs and requirements