Finance
Under Florida law, a 'purchase money mortgage' (PMM) has priority over which of the following?
AAll previously recorded mortgages
BJudgment liens existing against the buyer at the time of purchase✓ Correct
CAll mechanic's liens filed after closing
DThe seller's homestead exemption
Explanation
A purchase money mortgage (given to the seller or a third-party lender as part of the purchase transaction) takes priority over judgment liens existing against the buyer — even those recorded before the purchase. This is because the buyer had no ownership interest until the PMM was created; the PMM and the deed are simultaneous transactions.
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