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Loading... 4 days ago · Basically, if you are the one acquiring title, a grant deed is preferable to quitclaim deeds but not as good as general warranty deeds. An interspousal grant deed is best used to transfer property between spouses as it doesn’t trigger property taxes.
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Feb 15, 2023 · A grant deed, also known as a special or limited warranty deed, is a legal document used to transfer real estate between a previous owner (the grantor) and a new owner (the grantee). A...
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Jul 8, 2013 · What is a grant deed? A grant deed (also known as a special warranty deed) is a property deed that makes two guarantees: The property has not been sold to anyone else.
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Always use a grant deed if you’re involved in what we call “arms-length” real estate transactions, or transactions in which you are buying property from a seller. It’s the better option in terms of legal protection.
Jun 8, 2023 · The primary purpose of a grant deed is to transfer title or ownership from one party (grantor) to another (grantee). It provides the assurance that the title being conveyed is free and clear of any encumbrances, liens, or claims by third parties during the period of the grantor’s ownership.
Aug 21, 2022 · This article explains why many attorneys consider special warranty deeds—also known as grant deeds, covenant deeds, or limited warranty deeds—to be the preferred deed type for transferring property into a living trust.
Aug 3, 2022 · Grant deeds are often used when a grantee is obtaining real property in a foreclosure or tax sale. That said, they may also be held in escrow during a real estate transaction. With grant deeds, grantees benefit from buying property below market value, and grantors risk less by making fewer guarantees.