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Recording Acts and Bona Fide Purchasers

Recording Acts and Bona Fide Purchasers

Learn how the law defines bona fide purchasers and how different types of recording acts protect them from preexisting interests in the property.

Transcript

An important feature of any recording act is how it protects an innocent purchaser, that is, someone who buys property without notice of a preexisting interest. In this lesson we’ll learn how buyers qualify for protection and how that protection works.

I.               Bona Fide Purchasers

An innocent purchaser is formally called a bona fide purchaser for value. Someone can be a bona fide purchaser as to virtually any...