What is a grant deed in NC?
A grant deed can be used in North Carolina to transfer title to real property. This type of deed falls between a warranty deed and a quitclaim deed. In a grant deed, the seller (grantor) warrants that the property is free from any encumbrances except those that have been previously disclosed to the buyer (grantee).
Is a grant deed the same as a mortgage?
Just because someone gives you a grant deed transferring his ownership in a property doesn't mean any existing mortgage loans will also be extinguished. If you receive real property that's mortgaged, the lender will usually demand payment in full and if it's not forthcoming could start foreclosure proceedings.
What is the difference between deed and grant deed?
The purpose of a deed is to provide legal protection to buyers (called grantees) of real property. Grant deeds are most commonly used when a grantee is acquiring real property in a tax or foreclosure sale.
What is a grant deed in Georgia?
A grant deed is a real estate deed that is used to transfer real property in Georgia from one entity to another. There are no statutory forms provided for a grant deed in Georgia. If a deed sufficiently makes known the transaction between the parties, no want of form will invalidate it ( 44-5-33).
Does the grantee own the property?
To put it simply, a grantee is the person in a transaction who receives something – aka the buyer. In terms of a real estate transaction, the grantee receives ownership of the property after the closing process ends.
Do you get deeds with a mortgage?
The title deeds to a property with a mortgage are usually kept by the mortgage lender. They will only be given to you once the mortgage has been paid in full. But, you can request copies of the deeds at any time.
What is the main purpose of a grant deed and quitclaim?
In California, quitclaim deeds are commonly used between spouses, relatives, or if a property owner is transferring his or her property into his or her trust. A grant deed is commonly used in most arms-length real estate transactions not involving family members or spouses.
How do I get a copy of my grant deed in California?
You can obtain a copy of your Grant Deed directly from the Los Angeles County Registrar-Recorder/County Clerk. No third party assistance is needed. The County Registrar-Recorder mails the original Grant Deed document to the homeowner after it is recorded. Therefore, you should already have your original Grant Deed.
What is a grant in land law?
An easement made by implied grant is one where the rights are implied by law, and not specified in any deed. They usually arise when a landowner sells his or her property. Implied grants are also known as easements of necessity.
How do I get a copy of my deed in Georgia?
You can access all recorded deeds, liens, plats and UCC's online at gsccca.org or visit our office at 75 Langley Drive, Lawrenceville GA 30046. There is a fee to access the website and a $. 50 charge for each copy printed. There is no charge to search and view documents in our office.
How do I verify a title deed?
Check whether your land or the land you intend to buy was as a result of subdivision. Check on the proprietorship section &confirm the dates of data entry in the Registry, together with the date the title deed was issued. Ensure that the registrar has signed on this page.
How do I transfer a deed after death in Georgia?
Probate is not necessary in order to transfer the property, but paperwork must prove that the surviving owner holds the property's title. If both parties own real estate together, they will likely have a survivorship deed.
Does a grant deed need to be recorded in California?
While California does not require grant deeds to be recorded, almost all of them are in order to protect the grantee from any later transfer of the same property. As long as the grant deed is recorded, any potential purchaser would be on notice of the earlier sale to a new owner.
What is the main purpose of a grant deed and quitclaim?
In California, quitclaim deeds are commonly used between spouses, relatives, or if a property owner is transferring his or her property into his or her trust. A grant deed is commonly used in most arms-length real estate transactions not involving family members or spouses.
What is a mortgage deed?
The Mortgage Deed is the document that states that you and the lender have agreed to use the property as a security to protect the mortgage. The Deed contains information on the conditions of the mortgage, repayment schedule, length of the mortgage, mortgage rates, type of mortgage and security for the mortgage.
How do I get a copy of my grant deed in California?
You can obtain a copy of your Grant Deed directly from the Los Angeles County Registrar-Recorder/County Clerk. No third party assistance is needed. The County Registrar-Recorder mails the original Grant Deed document to the homeowner after it is recorded. Therefore, you should already have your original Grant Deed.