Escrow & Title
In Illinois, recording a deed at the county recorder's office provides:
AConstructive notice to the world of the new ownership✓ Correct
BAn absolute guarantee of clear title
CInsurance against all title defects
DPriority over all prior recorded interests
Explanation
Recording a deed provides constructive notice to the world that the property has been transferred, even if people don't actually know about it. Under Illinois recording acts, a subsequent purchaser who records first for value without notice of a prior unrecorded deed may prevail over the earlier buyer.
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