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Click ‘Get Form’ to open the Texas Grant Deed in the editor.
Begin by filling in the 'Grantor' section with the name and mailing address of the individual or entity transferring the property. Ensure that you include the county for accurate record-keeping.
Next, complete the 'Grantee' section with the name and mailing address of the individual or entity receiving the property, again including the county.
In the 'Consideration' field, specify the amount being exchanged for the property. This should be written both numerically and in words to avoid any confusion.
Fill out the 'Property Address' and 'Legal Description' sections accurately to ensure proper identification of the property being conveyed.
The Grantor must sign and date the document, indicating their authority as Trustee if applicable. Make sure to include any necessary notary information at the end of the form.
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Once a grant deed has been executed, the grantor is usually no longer involved with the real estate. On the other hand, with a deed of trust, the borrower and the lender have an ongoing relationship until the loan is paid off or the property is transferred to another party.
Does Texas use grant deeds?
Since this type of deed is less familiar than either warranty or special warranty deeds, you might ask, What is a grant deed? In Texas, a grant deed is an instrument with which a property owner can transfer real estate with implied covenants of title.
Do I have a grant deed if I have a mortgage?
A grant deed is most commonly seen when the grantee is acquiring title in a tax or foreclosure sale. General warranty deeds. A general warranty deed will almost always be required when the buyer is obtaining a mortgage to finance the purchase.
What are the disadvantages of a grant deed?
☞ No Safeguards Against Undisclosed Defects: A grant deed typically does not include any protection for the grantee against defects in the property that the grantor did not disclose. The grantee may be responsible for any liens or encumbrances on the property that the grantor did not disclose.
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