race-notice
- This term is used to define a recording act stating that any deed, mortgage, or lien that hasn't been recorded won't be valid against a recorded one. This condition applies if the party recording has bought from the same seller and was not aware of the other party's interest or claim at the time of recording
- The race-notice provision comes into play when two purchasers buy the same property from the same seller without knowing about each other's purchase.
- A violation of the race-notice statute can nullify a property sale if an earlier unrecorded claim comes to light.
- In the case of a race-notice dispute, the party who records their claim first without prior knowledge of any competing claim owns the property.
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