Recording a Deed Flashcards
1
Q
In order for a deed to be effective between purchaser and seller of real estate
A
the deed must be delivered by the seller with intent to transfer title
2
Q
A effective deed
A
needs only the seller’s signature
3
Q
Under the notice-race statue if a mortgagee failes to record it’s mortgage
A
a subsequent mortgagee who records will have superior interest if they did not have notice of prior mortgage
4
Q
Under the notice-race statue a subsequent lender who loans money without notice of previous mortgage
A
has first priority over the previous mortgage