What is the difference between a Grantor & Grantee deed?

The grantor is the spouse relinquishing property ownership and the grantee is the spouse who will take full ownership of the property. Special-purpose deed: With this type of deed, the grantor transfers property to the grantee on behalf of someone else. The grantor isn’t liable if problems arise later on.

What is the difference between grantors and grantees in real estate?

Grantors are the holders of the deeds and other items when tendering, while grantees are the recipients. Understanding grantors vs. grantees dynamics will help you have seamless real estate transactions. Each party’s legal process and mandate are clear depending on the transaction you’re engaged in.

Who is a grantor in a real estate transaction?

In a real estate transaction, the grantor is the current holder of the property rights, or – in other words – they’re the seller. The deed, which transfers ownership, is the grant. The grantee is the person who receives the transfer of the property after, in the case of sale, a closing occurs. In other words, the grantee is the buyer. Grantee Vs.