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Warranty Deed - Two Individual Grantors to Three Individual Grantees - Mississippi

Warranty Deed - Two Individual Grantors to Three Individual Grantees - Mississippi 2025

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The document is a Warranty Deed from two individuals (Grantors) to three individuals (Grantees) in the State of Mississippi, conveying real property for a consideration of ten dollars and other valuable considerations. It includes details about the parties involved, the property description, and legal stipulations regarding easements and taxes. The document requires notarization to validate the execution by the Grantors.

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What makes a warranty deed invalid?

5. Can a warranty deed be challenged or invalidated? While a warranty deed provides strong protection, it is not immune to challenges. In certain situations, the grantors guarantee may be breached, such as if there is fraud, misrepresentation, or undisclosed title defects.

Who is the grantor and grantee on a warranty deed?

The Definition Of Grantor And Grantee Mortgage agreements: The lender (grantor) provides funds, and the borrower (grantee) receives them. Trusts: The trust creator (grantor) transfers assets to a beneficiary (grantee). Property deeds: The seller (grantor) transfers ownership to the buyer (grantee).

Who are the parties to a warranty deed?

The two parties involved in a warranty deed are the seller, known as the grantor, and the buyer, or the grantee, and either party can be an individual or a business. Most lenders require a warranty deed for properties they finance.

What happens if two people are on the deed?

Generally, if there are two names on the deed and the deed does not describe how the property is owned, the default is that it is owned as tenants in common if the co-owners are not spouses and tenancy by the entirety if they are.

Can there be more than one grantee?

For example, unless the deed states otherwise, if there are three grantees, each grantee will own a one-third interest. It is always best to state each co-owners percentage ownership interest in the deed to avoid any uncertainty or misunderstandings.

Can there be more than one grantor?

It is possible to name multiple individuals as grantors or creators of a trust if they all contribute assets to the trust and agree to its terms. This is especially common in family trusts where multiple family members wish to establish a trust for various purposes.

Is the grantee the one receiving?

A grantee is the recipient of something, such as a college grant or real estate property. A grantor is a person or entity that transfers to another person or entity the interest or ownership rights to an asset.

Who is considered the grantee?

The Grantee is the buyer, recipient, new owner, or lien holder. When vs. appears on legal documents, the Grantor is on the bottom, the Grantee is on the top. Petitioner is the Grantee; Respondent is the Grantor.

Warranty Deed - Two Individual Grantors to Three Individual Grantees - Mississippi 2025

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