Unrecorded Deed

Unrecorded Deed

Title to property, especially real estate, that is not registered with the appropriate body. An unrecorded deed is valid, but there is no guarantee that it is authentic. As a result, some insurance companies refuse to provide coverage for properties with unrecorded deeds. See also Quitclaim deed.
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For example, assume that a properly acknowledged unrecorded deed contains all the proper elements for validity, such as a competent grantor who has legal title, a granting clause, a sufficient legal description, and two subscribing witnesses.
Faber signed the affidavit stating that Ecovery had not transferred good title to mining claims because of an outstanding deed to a so called third party who was a member of this board, the Company held the original unrecorded deed and the board member knew it was a security instrument only for a payment long since made.
Additionally, the Company will return unrecorded deeds in lieu of foreclosure to existing consumers who provided them as part of forbearance arrangements.
5%), all of which are shadow-rated investment grade by Fitch, and the low percentage of loans with missing assignments or unrecorded deeds of trust (0.