Texas Property Code 63.003 – Conversion of Lien From Personal Property Lien to Real Property Lien
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Property Code 63.003
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
When the manufactured home converts to real property as provided by § 2.001(b), the lien on the property:
(1) is converted to a purchase money lien on real property by operation of law; and
(2) exists independently of any existing lien on the real property to which the home is permanently attached.