Recording Statutes

Question 1

Race

Answer 1

first person to courthouse who records deed, wins!

Question 2

Notice

Answer 2

Last BFP with NO NOTICE, wins!
- Aka pure notice
Recording a deed = notice = no one after can claim to have no notice

Question 3

BFP (Bona Fide Purchaser)

Answer 3

Someone paid value for the land and NO notice
- BFP = Mortgagees (banks)
- NOT BFPs = gifts, inheritances, adverse possession, lien holders (creditors like credit cards

Question 4

Race-Notice

Answer 4

first BFP who records, wins!
- Paid $ + had no notice + recorded