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Commonly Asked Questions about Grantor or Grantee Deed Forms

Quitclaim Deed There are no covenants or warranties by the grantor and this deed offers the lowest amount of protection to the grantee. This type of deed is also frequently used in transfers between family members and related transactions.
A quitclaim deed is usually the weakest deed because it offers the least amount of protection. Quitclaim deeds are often used to transfer ownership between spouses or family members, while a general warranty deed is used for arms-length transactions.
There are two sides to a transaction. In real estate, a grantee is the recipient of the property, and the grantor is a person who transfers ownership rights of a property to another person. However, the specifics of their transaction may vary depending on the situation.
The quitclaim deed, also called a non-warranty deed, offers the grantee the least amount of protection. This type of deed conveys whatever interest the grantor currently has in the propertyif any. No warranties or promises regarding the quality of the title are made.
You may see a question that asks who conveys property? with one option that says Grantor and another option that says Grantee. Even if you remember nothing about deeds, you know the answer is Grantor because OR is the Convey-OR. Sometimes people say that a mortgage is an exception to this rule. Study Trick: Whos giving and whos receiving? The -OR -EE Rule prepagent.com prepagent.com
A grantor may make a gift of property to the grantee, and use a grant deed form or a quitclaim deed form for the purpose. Grantor may, but need not, say in the deed that grantor makes the transfer because of love and affection for the grantee.
Broadly, deeds are either official or private. General warranty deeds provide the highest level of buyer protection, while quitclaim deeds typically provide the least.
General warranty deeds give the grantee the most legal protection, while special warranty deeds give the grantee more limited protection. A quitclaim deed gives the grantee the least protection under the law. Understanding Property Deeds - Investopedia investopedia.com investopedia.com
The three most common New York deeds are listed below: Warranty Deed. Bargain and Sale Deed.
General warranty deeds: A general warranty deed provides the most protection to the buyer but gives the grantor the highest degree of liability. The grantor of a general warranty deed fully warrants good, clear title to the property. This type of deed is used in most real estate deed transfers.