Escrow & Title
In NC's race-notice recording statute, a later purchaser is protected over an earlier purchaser IF the later purchaser:
ARecords first and had no notice of the prior conveyance✓ Correct
BRecords first regardless of notice
CHas actual notice of the prior conveyance but records first
DWas the first to sign the deed
Explanation
NC has a race-notice recording statute (G.S.
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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).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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