Debra buys land from Oscar,relying upon a mortgage release executed and recorded by the mortgagee,Keith.Keith,however,had previously assigned the mortgage to Andrew who failed to have the assignment recorded.In this case,Andrew has:
A) no claim against the property in the absence of Debra's actual knowledge of the assignment by Keith.
B) no claim against the property because a mortgagee has no right to assign the mortgage to another person.
C) a claim against the property because the assignment to him took place before Debra's purchase of the land.
D) a claim against the property because recording is not necessary to the effectiveness of a mortgage assignment.

Question

Quizplus · Accepted Answer

Andrew has no claim against the property because Debra relied on the recorded release by Keith, and Andrew's failure to record the assignment means Debra had no actual knowledge of it.

Debra Buys Land from Oscar,relying Upon a Mortgage Release Executed