Property Ownership
In Michigan, 'constructive notice' of a recorded deed means:
AOnly the parties to the transaction are aware of the deed
BThe entire world is legally presumed to know the contents of publicly recorded documents✓ Correct
CNotice is given only to the buyer's lender
DNotice is given only if a title search is performed
Explanation
Recording a deed with the county register of deeds provides constructive notice, meaning all subsequent purchasers are legally presumed to have knowledge of its contents, whether or not they actually conducted a title search.
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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).
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.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
EasementA non-possessory right to use another person's land for a specific purpose.
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