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Question
Linda and David borrowed $10,000 from the Smart Loan Company and executed a mortgage on their home to Smart Loan as security for the note. Smart Loan did not record the mortgage. If Linda and David sell their home to Sheila, and Sheila is not aware of the mortgage:
A. the mortgage is as valid for Sheila as to Linda and David.
B. the mortgage is not valid for Sheila.
C. the mortgage is valid for future creditors only.
D. the mortgage is invalid for all parties.
Answer
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Related questions
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