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Click ‘Get Form’ to open the grant bargain deed in the editor.
Begin by filling in the APN # and the details of the party requesting the recording. Enter their name, address, city/state/zip.
In the 'Grantor' section, specify whether the grantor is an individual or a corporation. Fill in their name and address as Trustee under the trust agreement.
Next, complete the 'Grantee' section similarly, indicating if they are an individual or corporation and providing their corresponding details.
Fill in the property description fields accurately. If there’s a legal description attached as Exhibit A, ensure it is referenced correctly.
Complete the derivation section by entering details about how this property was previously conveyed to the Grantor.
Finally, have the Grantor sign and date at the bottom of the form. Ensure that a notary public acknowledges this signature for legal validity.
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☞ 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.
What are the disadvantages of a bargain and sale deed?
While the bargain and sale deed asserts that the grantor holds the title, it does not cover any liens, encumbrances, or claims from previous owners. This limitation necessitates that buyers perform thorough due diligence, such as a detailed title search, before proceeding with the purchase.
Whats the difference between a grant deed and a trust deed?
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.
What is a grant bargain sale deed?
A bargain and sale deed includes a warranty stating that the grantor has title to the property. In other words, they are the proper owner and have the right to sell it. There are no other owners who may have claim to the property. However, the deed does not and cannot guarantee that the property is free of claims.
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The bargain and sale deed does mean that the grantor claims to have title to the property. This type of deed has often been supplanted by the quit claim deed in
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