Real Property Flashcards
Test your knowledge of the Laws of Real Property
1
Q
True or False: Recording statutes exist to protect the rights of Bonafide Purchasers, Mortgage Interest holders, and holders of Judgment Liens equally against unrecorded transfers.
A
FALSE: holders of Judgment liens are generally not protected, as they are not considered ‘purchasers for value’. Both holders of Purchase Money Mortgages and Bona Fide Purchasers have a higher level of protection under recording statutes.
