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grantee vs grantor deed Bnb Eth XRP crypto futures coinbase futures binance futures litecoin futures

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.

Who is a grantee in a deed?

The grantee is the individual who gains the title from the grantor. Both the grantor and grantee will be named as such in legal documents including the deed. In real estate, a deed is a legal instrument used to transfer ownership of property from the grantor to grantee.

Who is a grantee in a property transfer?

The grantee, on the other hand, is the person or entity who receives the property. This is typically the buyer in the transaction. Once the deal is closed and the property transfer is complete, the grantee becomes the new owner. The grantee takes over all rights and responsibilities associated with the property from the grantor.

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