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.

What is a Grantor & Grantee mortgage?

Here, the lender originates the mortgage while accepting a security interest in the property, and the borrower accepts its terms and agrees to repay. For the most part, grantors and grantees are strangers to one another who are conducting an arm’s length transaction – the sale and purchase of a property.

Who is a grantee in a property transfer?

A grantee is a person or entity who receives the transfer of that property. The grantor and grantee are bound together through a contract (or legal document) that determines the terms and conditions of the transfer. A grantor is the seller of the property. The grantor is a person or entity who transfers ownership rights to someone else.