Multiple Choice
August 1, 2019 - Mortgage recorded
January 3, 2020 - Lien recorded
January 31, 2020 - Owner conveys to Buyer 1; Buyer 1 records
These transactions take place in a notice/race state.
Suppose on February 11, 2020, the owner conveys to Buyer 2. Assume Buyer 1 does not record. If the owner defaults, who gets the property?
A) Buyer 2
B) The mortgage company
C) The owner
D) Buyer 1
Correct Answer:
Verified
Correct Answer:
Verified
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