Q:
What is the difference between a grantor and a grantee?
A:
Quick Answer
The grantor is the seller and the grantee is the buyer. In terms of selling a home, for example, the grantor is either the owner or the company extending the mortgage and the grantee is the person buying the home.
Continue Reading
Credit:
Chris Ryan
OJO Images
Getty Images
Full Answer
There are differences between the grantor and grantee, depending on the transaction or situation. When it comes to a court order, the grantor is the plaintiff and the grantee is the defendant. With an abstract judgment, the grantor is the judgment creditor and the grantee is the judgment debtor. With a quitclaim deed, the grantor is the transferer and the grantee is the transferee.
Learn more about Personal LoansRelated Questions
-
Q:
What are loan assumptions?
A: A loan assumption is a process by which a home buyer takes over the mortgage of a seller, according to Bankrate. The lender grants the buyer the same repay... Full Answer >Filed Under: -
Q:
What are assumable home loans?
A: An assumable mortgage is a home loan technique that allows a buyer to take over, or assume, the seller's home loan as a means of purchasing the seller's ho... Full Answer >Filed Under: -
Q:
Who is qualified to do a transfer of a property deed?
A: A grantor, or the seller of a property, is legally endowed to perform a transfer of property deed on his own, as long as he is considered competent, report... Full Answer >Filed Under: -
Q:
What are some things in a cemetery deed template?
A: The template for a deed to a cemetery lot should contain various sections in which crucial information is entered, such as the name of the cemetery; the nu... Full Answer >Filed Under:
You May Also Like
-
Q:
What are the pros and cons of taking a 401(k) personal loan?
-
Q:
Does Robin Federal Bank Credit Union offer consumer loans?
-
Q:
How can you obtain cash loans when you are unemployed?
-
Q:
What loans can you get without an income verification?
-
Q:
How can you get a loan from World Finance?
-
Q:
How can you find out if you are eligible for the Jackson Hewitt "Money Now" loan?
