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Real Estate Law Test 1
9-Recording and Constructive Notice
9
Real Estate & Planning
Undergraduate 4
09/15/2009

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Cards

Term
What does the recording law provide?
Definition
until recorded, a deed, mortgage, or other instrument conveying an interest in real property is ineffective and void as to subject purchases or mortgagees of the same land
Term
What does it mean to be valid as between the parties to the instrument?
Definition
An unrecorded deed
Term
What are the double operation of the recording laws?
Definition

  1. Protect a purchaser or mortgagee who acts in ignorance of an earlier unrecorded deed or mortgage.
  2. They also provide that if a deed or mortgage is recorded, all persons who thereafter deal with the property will be deemed to have full knowledge of the recorded document

Term
The courts say that the public records impart ____________ of all prior recorded deeds ans mortgages.
Definition
constructive notice
Term
If Frank sells his property to Mac, and then persuades Charlie to buy the same property...what does Charlie acquire?
Definition
Nothing...Charlie has constructive notice
Term
Bona Fide Purchaser
Definition
One who has paid the purchase price in good faith and without knowledge of the prior unrecorded deed or mortgage
Term
Does possession impart constructive notice?
Definition
Si
Term
What does it mean to be in chain of title?
Definition
the title must be dated in the proper chronological order
Term
Why is chain-of-title a double edged sword?
Definition
Constructive notice is given of those instruments that are in the chain of title........and the instruments outside of the chain of title do not impart constructive notice
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