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Notice of Option for Recording - Arkansas

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The document is a Memorandum and Notice of Option to Purchase, outlining an agreement between a Seller and Buyer regarding an exclusive option to purchase real property. It includes details such as the parties involved, property description, option duration, and notary acknowledgment.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Are deeds public record in Arkansas?

The Real Estate Department records various real estate-related documents such as deeds, mortgages, plats, liens, and leases that become public records.

How do I record a deed in Arkansas?

Real Estate Recording Requirements Original Instrument on 8.5 x 11 paper. 2.5 margin at right top of first page. Title of document. Name of Grantor and Grantee. Signatures Notarized. Be legible. I certify statement must be included with signature and address. Name of person who prepared instrument.

Where must a deed be recorded?

This responsibility typically lies with your title or escrow agent. They will record the deed by filling out and filing your original deed in the appropriate government office in your local county. When its done properly, a deed can be recorded in a matter of hours after your home closing process concludes.

What kind of notice does recording give?

Recordation provides constructive notice to any subsequent purchasers that a prior conveyance occurred and therefore protects the prior purchaser in the event of a subsequent conveyance.

Who pays for recording the deed?

In most cases, the buyer will pay the recording fee. However, it is possible for the seller to cover the recording fees for the transaction.

How do I transfer ownership of a property in Arkansas?

In Arkansas, there are a number of different situations in which real property is transferred from one person to another, but they each have one thing in common a deed. A deed is the legal document which officially transfers ownership of a piece of property. Without a deed, there cannot be an actual transfer.

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