Escrow & Title
Pennsylvania's recording act protects subsequent purchasers who record their deed. This means a later buyer who pays value and records first will generally prevail over:
AAn earlier buyer who also recorded
BAn earlier buyer who has possession but has not recorded✓ Correct
CThe original grantor
DA judgment lien creditor who recorded before either buyer
Explanation
Pennsylvania has a race-notice recording statute. A subsequent bona fide purchaser (BFP) who pays value, takes without notice of a prior unrecorded interest, and records first will prevail over a prior buyer who failed to record their deed.
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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).
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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.
State-Specific Concepts
Recording Requirements
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