WebNov 12, 2015 · A trustee holds legal title to the real property under the trust deed until the borrower repays the lender. Trustees in these situations are often “entities like banks, title companies, or escrow companies” [2]. If the borrower defaults on the loan, the trustee manages the sale upon foreclosure, and executes a trustee’s deed upon sale to ... WebDeeds of Trust. Deeds of trust are contractual documents drawn up to transfer the title of a property from the original owner to a beneficiary through a trusted third party. Warranty …
What is a grant deed and how does it work? LegalZoom
WebFeb 24, 2024 · There are two sides to a transaction. In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property … WebGrantor and Grantee are two parties involved in a typical real estate transaction, like lien, mortgage, or deed. The grantor is the one granting away or transferring the property rights to the grantee, who is the receiver. For example, the landlord is the grantor in a rent or lease agreement, while the tenant is the grantee. cynic spelling
Deeds and Contracts - Judiciary of Virginia
WebMar 29, 2024 · A grant deed is a legal document that transfers property ownership from one party (the grantor) to another (the grantee). It is typically used when transferring real estate but can apply to other forms of property. It outlines the terms of the transfer and includes specific promises or covenants on the part of the grantor, who is responsible ... WebMail your payment to the following address: Orange County Clerk-Recorder. County Administration South. Attn: Recorder Operations. 601 N. Ross Street. Santa Ana, CA 92701. The office of the Orange County Clerk-Recorder cannot provide legal advice to the public and cannot assist the public in the preparation of legal documents. WebJan 22, 2024 · A grant deed must contain the name of the grantor, a legal description of the property, the name of the grantee. Deeds of Trust A deed of trust, also known as a trust deed, is a document used in financed real estate transactions when a party has taken out a loan to purchase a property. billy mitchell in pixels