Who are the grantors on a property deed?

The grantors are the current owners of the property. The names should appear exactly, including titles, as they appear on the deed that granted them ownership. For example, “Joseph E. and Mary S. Jones: Husband and Wife as Joint Tenants”, or “Patricia Lynn Smith: an unmarried person.”

Where can I get a grant deed for my property?

You must check with your state statute and local Deed Recorder or Register’s office to ensure you can use a grant deed to transfer your property. You will want the Recorder’s office which is usually located at the courthouse in the counter where the property is located.

What makes a grant deed a special warranty deed?

A grant deed may also be known as a special warranty deed. The property owner who wants to transfer title, or the grantor, guarantees that the property has not been sold to anyone else and that the property is not under any liens or restrictions that have not been disclosed.

What happens to a grant deed in a joint tenancy?

Otherwise, the deed will be considered community property or a joint tenancy. In a joint tenancy, all grantees have an undivided interest in the property. If one of the grantees dies, his share flows to the other grantees. For example, Bill, Joe, and Mary Smith inherit their grandfather’s farm as joint tenants.

What happens if the grantee does not have title to the property?

With this type of deed, the grantee does not guarantee that the grantor actually has an interest in the property. If it turns out that the grantor does not have title to the property, or there are any problems with the title, the grantee has no legal recourse against the grantor.

How much does it cost to legalize a dwelling in Mount Vernon NY?

$1,500.00 per dwelling unit, for legalization of the work, other than electrical and plumbing work, performed to create a dwelling unit. $500.00 for legalization of work under a building or equipment permit application for which construction documents prepared by a registered design professional is not required.

Who is the grantor in a warranty deed?

The party transferring title is called the grantor, or the transferor, while the party receiving title is called the grantee, or transferee. There are two basic types of deeds: quitclaim deeds and warranty deeds. Quitclaim deeds. With this type of deed, the grantee does not guarantee that the grantor actually has an interest in the property.

How much does it cost to demolish a house in Mount Vernon?

The application fee for a demolition permit shall be as follows: $90.00 per 1,000 square feet of gross floor area of structure or building to be demolished. The application fee for an electrical permit shall be as follows: For all buildings, except existing one- and two-family dwellings, $9.00 for each $1,000.00 of estimated cost, permit fee.

What happens if I deed my house to my daughter?

Answer: Whatever portion of the house is not transferred to the daughters could still be reachable by a parent’s creditor, said Lou Hamby, a real estate and estate-planning attorney in Palm Beach, Fla. “Additionally, creditors of the ‘new’ owners could now attack their interests.”

What happens if a claim is made on a grant deed?

If a claim is discovered after the property is transferred, the grantor may be legally liable for any losses suffered by the grantee. A general grant deed, sometimes called a special warranty deed, also promises that the grantor has a clean title to the property, but removes the duty to defend the title during a legal dispute.

Can a grant deed be transferred to a family member?

Warranty deeds, sometimes called grant deeds, come with a guarantee to the new property owner that you have good title to the property and no one else has any stake in it or claim to it. Because they are so complicated, warranty deeds typically aren’t used to transfer a house to a family member when no money is exchanged.

Can a surviving spouse file a new deed?

It is also unnecessary to issue a new deed. However, sometimes a surviving spouse may choose to file evidence of death, such as an affidavit, to show transfer of the property. When the deceased held property in trust, the deed to the property indicates the property had transferred to the trustee of the trust (generally the deceased).

How does a deed work in a divorce?

A deed is a written document that legally transfers property from one person or entity to another. Through a deed, one spouse can give his or her own property to the other, and the property becomes the receiving spouse’s separate property.

Can a person change their mind about a Tod deed?

Otherwise, no one will know it exists and it may never take effect. You may change your mind at any time and make another deed. You retain all title and ownership in your property until you die. Any mortgages or other liens on your property transfer automatically with a TOD deed.