purchase money deed of trust
a purchase money deed of trust is accorded the highest priority over all other liens incurred by the borrower that pre-date the purchase of the property. a deed can only be considered a purchase money deed if it is recorded as part of the same transaction for the debt it secures; i.e., when the loan is made to purchase the property, the deed must be signed and recorded as part of the same transaction to be considered a purchase money deed. if the deed is not recorded, it will not be given the priority of a purchase money deed even though the loan provided in exchange for the deed was used to purchase the property.