Property Ownership
In Indiana, a deed must be recorded to provide:
ALegal validity between the grantor and grantee
BConstructive notice to the world of the grantee's ownership interest✓ Correct
CProtection against adverse possession claims
DEvidence of title insurance coverage
Explanation
Recording a deed in the county recorder's office provides constructive notice to all subsequent purchasers and creditors. The deed is valid between the parties without recording, but recording protects the grantee against subsequent purchasers.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
Math Concepts
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