Escrow & Title
Recording a deed in Arkansas serves primarily to:
AMake the transfer legally effective between buyer and seller
BProvide constructive notice to the world of the buyer's ownership✓ Correct
CSatisfy the mortgage lender's requirement for loan approval
DTransfer the property tax obligation to the new owner
Explanation
Recording provides constructive (legal) notice of the conveyance to all third parties. The deed is valid between the parties without recording, but an unrecorded deed is not effective against subsequent bona fide purchasers.
Related Arkansas Escrow & Title Questions
- An easement by prescription is acquired by:
- A satisfaction of mortgage (release of lien) is recorded when:
- Earnest money is typically applied at closing as:
- A subordination agreement allows:
- A 'cloud on title' can be cleared through:
- In Arkansas real estate closings, who typically disburses closing funds and records the deed?
- A 'short sale' in real estate occurs when:
- What is the primary purpose of a preliminary (pre-closing) title report?
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