Finance
In Texas, a purchase-money mortgage given to the seller to finance all or part of the purchase price has priority over:
AAll other pre-existing liens on the property
BAny other liens created by the buyer at the same time (but not prior liens from the seller)✓ Correct
CThe property tax lien
DAll homestead claims
Explanation
A purchase-money mortgage or deed of trust given to the seller to finance the purchase price generally has priority over other liens created simultaneously by the buyer (e.g., a second lien from a different party), but not over prior existing liens on the property.
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