This form is a warranty deed where the grantor and/or grantee may be an individual, limited partnership or LLC.
District of Columbia Warranty Deed from Individuals, Limited Partnership or LLC is the Grantor or Grantee
Category:
State:
District of Columbia
Control #:
DC-SDEED-7
Format:
Word;
Rich Text
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Description Warranty Deed District Of Columbia
Free preview Special Warranty Deed Form District Of Columbia
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District Of Columbia Special Warranty Deed Form popularity
Life Estate Deed Form District Of Columbia Other Form Names
Columbia Warranty Form
Limited Liability Company
FAQ
The grantor is the person who is giving away the title or interest in the real property the borrower. The grantee is the person receiving the property.
A grantee is the recipient of a grant, scholarship, or some other asset such as real estate property. In contrast, a grantor is a person or entity that conveys ownership of an asset to another person or entity: the grantee.
Special warranties allow the transfer of property title between seller and buyer. The purchase of title insurance can mitigate the risk of prior claims to the special warranty deed.
The Grantor is any person conveying or encumbering, whom any Lis Pendens, Judgments, Writ of Attachment, or Claims of Separate or Community Property shall be placed on record. The Grantor is the seller (on deeds), or borrower (on mortgages). The Grantor is usually the one who signed the document.
The grantee is the party who receives the transfer of the property after, in the case of sale, a closing occurs.
The grantor is the owner, and the grantee is the buyer who is acquiring an equitable interest but not bare legal interest in a property. It's essential that a deed clearly states the grantee, grantor, and a description of the property involved in the transaction.
DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.It is even possible that the Grantor does not have any title or ownership interest at all!
The two parties involved in a warranty deed are the seller or owner, also known as the grantor, and the buyer or the grantee. Either party can be an individual or a business, and are often strangers to each other.
The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.