When it comes to buying a home, understanding the difference between grantee vs grantor can have significant implications. As a buyer, it is important to know whether you are the grantee or the grantor in a transaction. The grantee is the person who receives the property, while the grantor i...
Deed in lieu of foreclosure: This type of deed allows a homeowner who can’t keep up with their mortgage payments to transfer the property back to the lender. Here, the grantor is the homeowner and the grantee is the lender [3]. Grantors and grantees in estate planning In estate plannin...
s property. This agreement requires the grantee to voluntarily hand over ownership of their property to the mortgage lender in case of missed payments. In doing so, the grantee is released from their mortgage debt. Note that it doesn’t stop the loss of the home: Instead it’s a tool ...
the lender – the grantor – takes a lien against the mortgaged property as security in the event the grantee defaults on the loan. While the fixed-rate loan is the most common type of mortgage, lenders offer variable interest rate mortgages as well. ...
A deed may be modified by either the grantor or the grantee. Definition and Examples of a Grantor A grantor is a person who transfers ownership of real estate to another person or entity. A grantor can convey many types of deeds. Grantors are named in both deeds and mortgage documents....