18 Guam Code Ann. § 35402
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 18 Guam Code Ann. § 35402
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
A mortgage given for the price of real property, at the time of its conveyance, has priority over all other liens created against the purchaser, subject to the operation of the recording laws.
SOURCE: CC § 2898.
COMMENT: See Title 21 of this code for the recording laws governing real property.