A grand deed is used in some states and jurisdictions for the sale or other transfer of real property from one person or entity to another person or entity. Each party transferring an interest in the property or grantor is required to sign it. Then, the document must be acknowledged before a notary public, notarized, or other official authorized by law to administer. The notary public or other official then places a seal and marks the document accordingly to show that it was properly signed and acknowledged. The reason the document must be notarized is to provide evidence that the signature of the grantor is genuine, as transaction documents are sometimes forged. The grantor of a grand deed makes two guarantees to the grantee. One, the grantor/seller guarantees that the property has not been sold to anyone else. Two, the grantor guarantees that the house is not under any liens or restrictions that have not already been disclosed to the buyer/grantee. This assures grantees that there are no legal claims to the property by third parties and no taxes are owed on the property that would restrict its sale. Some jurisdictions use the warranty deed to transfer real property instead of the grand deed. The warranty deed adds the additional guarantee that the grantor will defend the title against any third party claim. The quitclaim deed is also sometimes used, although this document is most often used to disclaim any interest in a property rather than selling a property that one owns. The types of deeds that are now used to transfer real property are a relatively modern invention. Previously, the grantor transferred the property to the buyer, called the grantee, by using some commonly recognized deed, such as picking up a handful of soil of the property to be transferred, handing it...
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How to obtain Grant Deed in california Form: What You Should Know
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