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What is an example of a grantee?

Grantee Example In a financed automobile arrangement, the cars owner (grantor) transfers their interest in the vehicle to the lender (grantee). The grantee has an interest in the asset until the loan is satisfied by the grantor. If the grantor bdocHubes the contract, the grantee may take possession of the asset.

What does grantee name mean?

The grantee is the party who receives the transfer of the property after, in the case of sale, a closing occurs. In other words, the grantee is the buyer.

Is Grantor the same as borrower?

The Grantor is the seller (on deeds), or borrower (on mortgages). The Grantor is usually the one who signed the document.

What is difference between grantor and grantee?

What Are Grantors And Grantees? There are two sides to a transaction. In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person.

Who is the borrower in a deed?

There are three parties involved in a deed of trust: Trustor: This is the borrower. Trustee: This is the third party who will hold the legal title. Beneficiary: This is the lender.

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