Title may also be held in the name of a trust, corporation, partnership or LLC. 6. The Consideration: This is what the grantor receives from the grantee in exchange for the grantors interest in the property. In most cases this is money so the amount that the grantee is paying for the...
It's also common to use a quitclaim deed to add a spouse to a property after marriage. For example, Spouse A owned the home before marriage. After marriage, they add Spouse B as an owner by using a quitclaim deed, transferring ownership from themselves to themselves and their spouse. Exam...
A deed is essentially a piece of paper that transfers interest in land from one person, called the grantor, to another, called the grantee. It's essentially a real estate contract. To be legally effective, it must be signed by the grantor and describe the land being conveyed. A ...
A deed is essentially a piece of paper that transfers interest in land from one person, called the grantor, to another, called the grantee. It's essentially a real estate contract. To be legally effective, it must be signed by the grantor and describe the land being conveyed. A ...