Escrow & Title
Indiana's race-notice recording statute provides that a subsequent purchaser prevails over a prior unrecorded deed if the subsequent purchaser:
AOnly has to record first
BRecords first AND had no notice of the prior conveyance at the time of purchase✓ Correct
COnly had to not have actual knowledge
DOnly records within 30 days
Explanation
Under a race-notice statute, a subsequent bona fide purchaser prevails if they: (1) record first AND (2) paid value without notice of the prior unrecorded conveyance. Both elements must be present.
Related Indiana Escrow & Title Questions
- A quitclaim deed conveys:
- A mechanic's lien in Indiana attaches to the property when the lien is filed and relates back to:
- When does title to real property typically transfer in Indiana?
- An Indiana title company conducting a 1031 exchange serves as the:
- A holding escrow in Indiana is most commonly used when:
- A lender's title insurance policy (mortgagee policy) in Indiana:
- In Indiana, who is responsible for conducting the closing of a real estate transaction?
- An abstract of title is:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →