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Transferring ownership of real property incident to divorce often involves the use of a Quitclaim Deed. Divorce professionals frequently request this deed when transferring property in a divorce settlement.
Does a grant deed prove ownership?
With a grant deed, the grantor, or seller, transfers his ownership in the property to the grantee, or buyer, guaranteeing that he actually owns the property. This provides protection for the grantee, or buyer, because it ensures she is getting what she is buying, and a title company has the ability to insure her title.
What is an exception in a grant deed?
Ordinarily, a deed cannot be given effect unless it is accepted by the grantee. An exception to this rule is made when the grantee is a minor or mentally incompetent. Acceptance of a deed may be shown by acts, words or conduct of the grantee showing an intent to accept.
What is the main purpose of a grant deed?
The fundamental difference is that a Grant Deed ensures the grantor has a legal interest in the property, while a Quitclaim Deed releases only the potential interest one might have in a property without any warranties.
What is the difference between a deed and a grant deed?
Both types of legal documents serve the same function of transferring ownership of real property. The fundamental difference between quitclaim deeds and grant deeds is the level of protection and warranty provided to the grantee.
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A Summary of Superfund Cleanup Authorities and Related
by DM Bearden 2012 Cited by 34 Because of these requirements, such persons still may bear some responsibility for managing contamination on their properties, even though they may be exempt.
Today, Californians most often transfer title to real property by a simple written instrument, the grant deed. The word grant is expressly designated by
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