" is a legal term used in real estate transactions to name the seller of a property. The grantor transfers the title to a grantee through a legal tool known as a "deed." Key Takeaways A grantor is a person who grants, conveys, or sells an asset to another person. All property deeds...
A covenant, also called the covenant of warranty, whereby the grantor assures the grantee that he or she not be subject to the claims of someone with a paramount title, thereby guaranteeing the status of the title that is being conveyed. Condition A state of physical fitness Have you exercise...
A Lady Bird deed also allows the grantor to live on the property until their death and then transfers it to the grantee. What makes a Lady Bird deed different is that the grantor retains the right to sell or mortgage the property. The grantor's interest is called a life estate, and the...
A property deed, or a house deed, is a legal record that indicates or transfers the ownership of a property, such as a home or land. The deed documents the ownership of the property, and identifies the property’s grantor (seller) and grantee (buyer). The grantor or both parties will ...
An estate devised or granted in confidence that the devisee or grantee shall convey it, or dispose of the profits, at the will, or for the benefit, of another; an estate held for the use of another; a confidence respecting property reposed in one person, who is termed the trustee, for...
it's possible to contest one. The easiest way to reverse a quitclaim is to obtain the grantor's consent and sign a new quitclaim that restores the property title to the original owner. However, if you want to challenge a quitclaim that you believe the grantee created or influenced unlawfully...
What is a warranty deed? Time to read4 min Whether you’re buying or selling a house, there are many legal documents involved in the lawful exchange of real estate. A warranty deed is one of them. This document is the seller’s (grantor) promise to the buyer (grantee) that they are...
A quitclaim deed transfers or "quits" any interest in real property. Thegrantoris publicly and legally declaring that, if they do have any ownership in the property, they are passing it to the grantee. Note A grantor is the individual transferring interest in a property. ...
If a grantee obtains title insurance, what value, if any, is there in the covenant of seizen in a warranty deed?Insurance:Insurance is the protection of an individual from financial losses. It refers to the legal agreement among the insured and the...
What is a quitclaim deed? A quitclaim deed is a document in which a grantor disclaims all interest in a parcel ofreal propertyand then conveys that interest to a grantee. Unlike grantors in other types of deeds, the quitclaim grantor does not promise that their interest in the property is...