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> In the U.S., the risk is the buyer's. If the property was fraudulently transferred, the transaction is mutable.

Ironically you're describing the original English legal system centered around deeds.

But a few US States, some of the UK Commonwealth, and England, as it sounds from this article, use the Torrens system[1].

The difference is whether the deeds are primary and the registry a mere copy (or even optional); or the registry primary and any papers reflecting registration a mere copy.

But generally with a Torrens system there is some statutory compensation for fraud cases.

[1] https://en.wikipedia.org/wiki/Torrens_title

(IANAL so this may be incorrect)



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