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Which is better a grant deed or a quit claim deed?

A grant deed (also referred to as a \u201cwarranty deed\u201d) is the most preferable deed for a buyer. Grant deeds transfer the property with a guarantee that the buyer will not be responsible for any unknown ownership claims that may be brought in the future.

How do I get the deed to my house in California?

You may request copies of recorded real property documents online, in person, or by mail. As of January 1, 2018, the fee for a copy of a recorded document is: $2.00 for the first page and $0.05 for each additional page, per document copy.

Is mortgage the same as deed?

A mortgage is a loan extended to someone in order to purchase a property. A mortgage deed is a legally binding document outlining the terms of a mortgage that puts a lien on the house until the lender repays the loan in full.

What is the meaning of grant deed?

A grant deed, also known as a special or limited warranty deed, is a legal document used to transfer real estate between a previous owner (the grantor) and a new owner (the grantee). A grant deed warrants that: The grantor has not transferred the property to anyone else, and.

What is a grant deed in North Carolina?

A grant deed can be used in North Carolina to transfer title to real property. This type of deed falls between a warranty deed and a quitclaim deed. In a grant deed, the seller (grantor) warrants that the property is free from any encumbrances except those that have been previously disclosed to the buyer (grantee).

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What is another name for grant 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.

What is a grant deed in North Carolina?

A grant deed can be used in North Carolina to transfer title to real property. This type of deed falls between a warranty deed and a quitclaim deed. In a grant deed, the seller (grantor) warrants that the property is free from any encumbrances except those that have been previously disclosed to the buyer (grantee).

What is the difference between a deed and a grant deed?

The purpose of a deed is to provide legal protection to buyers (called grantees) of real property. Grant deeds are most commonly used when a grantee is acquiring real property in a tax or foreclosure sale.

Do grant deeds have to be recorded in California?

Recording a Deed in California While California does not require grant deeds to be recorded, almost all of them are in order to protect the grantee from any later transfer of the same property. As long as the grant deed is recorded, any potential purchaser would be on notice of the earlier sale to a new owner.

Is grant deed the same as deed of trust?

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.

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