Current property owner
People also ask
Who is the grantor on a house sale?
The grantor is the seller of a property such as a house. He conveys or gives his title to a grantee攖he buyer. A grantor transfers title to a grantee through a legal instrument known as a deed. Click to see full answer. In respect to this, who is the grantor on a mortgage? Grantor is a legal term that’s used in real estate transactions.
What is the difference between grantor and grantee in real estate?
In a real estate transaction, the grantor is the current holder of the property right, or in other words, the seller. The deed, which transfers ownership, is the grant. The grantee is the party who receives the transfer of the property after, in the case of sale, a closing occurs.
Who is the grantor of a deed of trust?
A Deed of Trust is a third-party instrument used to create voluntary liens in real estate. The parties to a Deed of Trust are the Grantor, who is the property owner, the Beneficiary, who is the lender, and the Public Trustee, who holds certain powers of foreclosure and release.
What is a grantee on a deed?
The grantee is the person receiving receiving property ownership interest on a deed. A grantee may receive total ownership of a property from the grantor or just partial interest, depending on what the grantor has the right to give. A grantee is usually shown on a deed underneath the grantor.