Finance
In New Mexico, a 'purchase money deed of trust' means:
AAny deed of trust regardless of purpose
BA deed of trust used specifically to finance the purchase of the property being pledged as security✓ Correct
CA government-backed deed of trust
DA deed of trust on commercial property
Explanation
A purchase money deed of trust secures a loan used specifically to purchase the property. It is created simultaneously with the purchase transaction and typically has favorable legal treatment regarding deficiency judgments.
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