Recording Statute

Question 1

Recording Statute

Answer 1

Applies when a single grantor gives, sells/conveys property to multiple people you then use this to be like who actually owns it

Question 2

Race Statute

Answer 2

First person to record prevails

Question 3

Notice

Answer 3

“Subsequent purchaser for value with no notice”
Last bonafide purchaser prevails

Question 4

Bonafide Purchaser

Answer 4

Is someone who pays for the property
Takes the property without notice
Creditors are not bonafide purchaser
MORTGAGES ARE BONAFIDE PURCHASERS

Question 5

Race/Notice

Answer 5

The first bonafide purchaser who recorded wins
“First record”

No subpurchaser shall be good against subsequent purchaser for value w/o notice who recorder first

Question 6

Shelter Rule

Answer 6

“O gives to A” A does not record
O then gives to B: B then records and gives to C as a gift

C is not a BFP but C will win because B is a BFP

Remember that one who takes from a BFP will prevail against anyone the transferor - BFP would have prevailed against

Question 7

Wild Deed

Answer 7

A recorded deed outside of chain of titles

Question 8

After Acquired Title

Answer 8

If on the day of closing the grantor did not have the title because of some off glitch or something like that

If grantor acquires title after closing title will pass automatically to grantee