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Notice of Option for Recording Illinois Form

Notice of Option for Recording Illinois Form

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in this lesson we're going to break down competing claims to title at both the common law and under recording act statutes which have been adopted in all 50 states all right so the main idea here big picture right what we're dealing with is a situation where the grand tour conveys title and property to multiple grantees right say that on monday right our owner of greenacre conveys fee simple absolute to amy right executes a deed now amy has a deed that says she's the rightful owner of greenacre we'll say the very next day on tuesday our grantor conveys fee simple absolute in greenacre to bobby executes a valid deed now bobby has a deed that says he's the rightful owner of greenacre right so of course what's going to happen here we're going to have a competing claim of title amy and bobby both can't be the rightful owners of greenacre and fee simple absolute at the same time only one of them can prevail only one claim to ti

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