Bad news for unrecorded real estate deed

Time limits apply in some states

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DEAR BOB: Must a deed be recorded to be considered valid? Is a deed not a contract regardless? --Irvin S. DEAR IRVIN: Without recording in the public records where the real property is located, a deed properly signed and notarized or witnessed is valid only between the grantor and the grantee. Because it is not recorded, it does not give "constructive notice" to the world. Purchase Bob Bruss reports online. A deed is not a contract; it is just evidence of a conveyance of real property. Some states have statutes requiring deeds to be recorded within a time period, such as one year, or they are presumed to be not valid. For details, please consult a real estate attorney in the state where the property is located to determine if the deed is valid between the parties even though it is not recorded. DEATH IS THE ONLY WAY TO AVOID DREADED DEPRECIATION RECAPTURE TAX DEAR BOB: Almost a year ago, I bought a rental condominium to complete an Internal Revenue Code 1031 Starker tax-deferred exchan...