What must a purchaser show to be protected under a race-notice statute?

To be protected under a race-notice statute, a purchaser needs to demonstrate that they have both paid value for the property and recorded their interest in the public records before any competing claims arise. This legal framework serves to establish priority between multiple purchasers; the first one to record their deed, provided they also paid lawful value for the property, will have priority over subsequent purchasers who may not meet these criteria, even if they recorded their interest afterward.

In the context of real estate law, the requirement to pay value ensures that the purchaser is making a legitimate acquisition, while the aspect of recording first establishes a public notice system that allows others to understand who has prior claims. This two-pronged approach is crucial for maintaining clear title and protecting buyers from potential disputes over ownership. Thus, adherence to the race-notice statute helps facilitate confidence in property transactions by establishing a clear order of claims.