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What is the difference between a grant deed and a deed of trust?

With a grant deed, the grantor, or seller, transfers his ownership in the property to the grantee, or buyer, guaranteeing that he actually owns the property. This provides protection for the grantee, or buyer, because it ensures she is getting what she is buying, and a title company has the ability to insure her title.

What is the main purpose of a grant deed?

Grant Deeds are used to transfer title of real property. This is done at the time of purchase and can be later recorded to add or remove individuals names after purchase. This is known as the title document.

Which type of deed is used most often in divorce?

Transferring ownership of real property incident to divorce often involves the use of a Quitclaim Deed. Divorce professionals frequently request this deed when transferring property in a divorce settlement.

What is an exception in a grant deed?

Ordinarily, a deed cannot be given effect unless it is accepted by the grantee. An exception to this rule is made when the grantee is a minor or mentally incompetent. Acceptance of a deed may be shown by acts, words or conduct of the grantee showing an intent to accept.

What is the difference between a deed and a grant deed?

Both types of legal documents serve the same function of transferring ownership of real property. The fundamental difference between quitclaim deeds and grant deeds is the level of protection and warranty provided to the grantee.