Bona Fide Purchaser (BFP)
A bona fide purchaser is a purchaser who acquires property in good faith, for valuable consideration, and without notice of prior conflicting interests. NY's recording statute links BFP protections to first recording of the later conveyance.
- Where it applies
- New York State
- When it comes up
- Priority disputes; post-closing
- Property types
- All deeded real property
Title and Recording
- Assignment of Mortgage
- Bargain and Sale Deed (With Covenant Against Grantor's Acts)
- Borough-Block-Lot (BBL)
- Chain of Title
- City Register
- Condominium Common Charge Lien
- Consideration
- Conveyance
- Cover Page (NYC Recording)
- Deed
General information, not legal, tax or financial advice.