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0:20 2:18 Office state the consideration. Consideration is the value exchanged for the property. It can beMoreOffice state the consideration. Consideration is the value exchanged for the property. It can be monetary or another form of value. Sign the grant deed.
The first difference is the level of warranty provided by the grantor regarding their interest in the property, or the ownership. As a result, the second difference is the level of protection provided to the grantee. With a grant deed, the grantor is granting their interest in a property to the grantee.
The Grant Deed (also purchasable at most office supply or stationery stores) is completed and signed by the grantor, whose signature must be notarized. If you determine there is no documentary transfer tax required, an exemption statement must appear on the document.
☞ 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.
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.
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Grant Deeds are used to transfer title of a real property. This is done at the time of purchase and can be later recorded to add or remove individuals names after purchase. This is known as the title document.
Grant deeds indeed prove ownership. Once the grantee receives the grant deed and records the documents with their local county office, they will become legally registered property owners.
Primary Sources of Ownership Documentation Property Tax Statement: Tax statements are the best form of current proof of ownership, and in most cases, the easiest to obtain. Deed or official record: Original deed, warranty deed or deed of trust to the property.

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