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This entry was published on 2014-09-22
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SECTION 923
Security for credit on sale
Real Property Actions & Proceedings (RPA) CHAPTER 81, ARTICLE 9
§ 923. Security for credit on sale. The portion of the purchase-money
for which credit is allowed in the interlocutory judgment shall be
secured at interest by a mortgage upon the property sold, with a bond of
the purchaser; and by such additional security, if any, as the court
prescribes. The officer making the sale may take separate mortgages and
other securities in the name of the county treasurer of the county in
which the property is situated for such convenient portions of the
purchase-money as are directed by the court to be invested; and in the
name of the owner, for the share of any known owner of full age who
desires to have it invested.