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A grant deed, also known in many states as a limited warranty deed or a special warranty deed, gives the grantee some, but not all, of the assurances of a general warranty deed.
A grant deed, also known in many states as a limited warranty deed or a special warranty deed, gives the grantee some, but not all, of the assurances of a general warranty deed.
Both a warranty deed and deed of trust are used to transfer the title of a property from one person to another. However, the difference between these two contracts is who is protected. As you now know, a deed of trust protects the beneficiary (lender). A warranty deed, on the other hand, protects the property owner.
It usually takes four to six weeks to complete the legal processes involved in the transfer of title.
To convey real property into trust, the settlor executes and records a deed, granting title to the trustee as representative of the trust. The property should be titled in the name the trustee, referencing the trust and execution date of the trust instrument. A memorandum of trust under 60 O.S. 175.6a may be required.
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Deed. Deeds are valuable to buyers because they provide certain protections regarding the sale of property. A grant deed is a deed that grants certain promises to the buyer: The property has not already been transferred to someone else.
The instrument that these documents secure is most commonly called a promissory note.Mortgage States and Deed of Trust States. StateMortgage StateDeed of Trust StateNorth DakotaYOhioYOklahomaYOregonY47 more rows
A grant deed is a transaction between two people or entities without securing the property as collateral. A deed of trust is used by mortgage companies when a homeowner takes out a loan against the property.
Because of this, deeds of trusts can be preferable, especially for smaller, non-traditional lenders.Start Deed of Trust. StateMortgage allowedDeed of trust allowedOklahomaYOregonYPennsylvaniaYRhode IslandY47 more rows
Grant Deeds are legal documents that protect buyers during the course of a property transfer. A Grant Deed serves as a legal guarantee that the property is not encumbered by any liens or other Read more. Select a State.

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