Escrow & Title
The title to real property is transferred at closing when:
AThe purchase contract is signed
BThe deed is delivered and accepted by the grantee✓ Correct
CThe earnest money is deposited
DThe mortgage is recorded
Explanation
Transfer of title occurs upon delivery and acceptance of the deed, not upon recording. The deed must be delivered by the grantor with intent to pass title and accepted by the grantee. Recording then provides constructive notice.
Related Arkansas Escrow & Title Questions
- Which type of foreclosure does NOT require court proceedings in most cases?
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