Escrow & Title
What document is recorded at the county courthouse in South Carolina to provide constructive notice of a property transfer?
AThe purchase agreement
BThe deed✓ Correct
CThe mortgage application
DThe title insurance policy
Explanation
The deed is the document recorded at the county Register of Deeds to provide constructive notice of property ownership. Recording protects the grantee's interest 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.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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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