Section 35-4-64 Purchasers protected in dealing with record owner as owner of indebtedness. - Alabama Statutes

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Section 35-4-64

Purchasers protected in dealing with record owner as owner of indebtedness.

Purchasers of real property against which there are recorded mortgages, vendor's liens, judgments and other liens shall be protected in assuming that the record owner of such liens is the owner of the indebtedness secured by the same and in dealing with such record owner as the owner of such indebtedness.

Cancellation of the record of mortgages, vendor's liens, judgments and other liens by the record owner of the same shall be valid as to purchasers of the real property affected by liens of such character.

(Acts 1927, No. 452, p. 503; Code 1940, T. 47, §103.)

State Codes and Statutes

Statutes > Alabama > Title35 > Chapter4 > 35-4-64

Section 35-4-64

Purchasers protected in dealing with record owner as owner of indebtedness.

Purchasers of real property against which there are recorded mortgages, vendor's liens, judgments and other liens shall be protected in assuming that the record owner of such liens is the owner of the indebtedness secured by the same and in dealing with such record owner as the owner of such indebtedness.

Cancellation of the record of mortgages, vendor's liens, judgments and other liens by the record owner of the same shall be valid as to purchasers of the real property affected by liens of such character.

(Acts 1927, No. 452, p. 503; Code 1940, T. 47, §103.)

State Codes and Statutes

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State Codes and Statutes

Statutes > Alabama > Title35 > Chapter4 > 35-4-64

Section 35-4-64

Purchasers protected in dealing with record owner as owner of indebtedness.

Purchasers of real property against which there are recorded mortgages, vendor's liens, judgments and other liens shall be protected in assuming that the record owner of such liens is the owner of the indebtedness secured by the same and in dealing with such record owner as the owner of such indebtedness.

Cancellation of the record of mortgages, vendor's liens, judgments and other liens by the record owner of the same shall be valid as to purchasers of the real property affected by liens of such character.

(Acts 1927, No. 452, p. 503; Code 1940, T. 47, §103.)