English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

On the form "Authorization for Deed Preparation", whose name goes in the section 'The new vesting shall be:'? The grantor's or the grantee's?

Thank you!

2007-03-02 09:19:40 · 2 answers · asked by Bobbie 4 in Politics & Government Law & Ethics

2 answers

The grantee's probably. Be careful if you're receiving a quitclaim. The grantor is not warranting that he has any title. He's actually not conveying anything but rather denying any claim to the property. Title companies in the future may not insure title based upon a quitclaim conveyance. A deed without warranty is a better method for avoiding future problems.

2007-03-02 09:27:54 · answer #1 · answered by webned 6 · 1 0

webned gives an excellent answer. he's right about the warranties

The name that goes after that phrase is the grantee... because the property interest vests in the owner. Before the transaction, the interest is vested in the grantor. The new vesting is in the grantee because after the transaction the interest vests in the grantee.

2007-03-02 17:41:17 · answer #2 · answered by kmnmiamisax 7 · 1 0

fedest.com, questions and answers