Maryland Affidavit Regarding the Identity of a Granter and Grantee of Real Property is a legal document used in the state of Maryland to establish and verify the identity of both the granter and grantee in a real estate transaction. This affidavit is an essential part of the closing process and is typically required by the title company or lender involved in the transaction. The purpose of this affidavit is to ensure that the parties involved in the real estate transaction are correctly identified and that there are no cases of mistaken identity. By signing this document, the granter and grantee declare under oath that they are the rightful parties involved in the transaction, confirming their identities and ensuring the legality and validity of the transfer of real property. The affidavit includes key information such as the names of the granter and grantee, their current addresses, and their roles in the real estate transaction. It may also require additional details such as the granter's date of birth, Social Security number, and/or driver's license number to further verify their identity. Different types or variations of the Maryland Affidavit Regarding the Identity of a Granter and Grantee of Real Property may exist depending on specific requirements or preferences of the parties involved. For example, there could be variations that cater to commercial real estate transactions, residential real estate transactions, or specific legal entities like corporations or trusts. It is important to note that the exact language and formatting of the affidavit may vary depending on the individual title company, lender, or legal professional preparing the document. Therefore, it is essential to consult with a trusted legal advisor or the appropriate institution directly to obtain the specific version of the Maryland Affidavit Regarding the Identity of a Granter and Grantee of Real Property needed for a particular transaction.
Maryland Affidavit Regarding the Identity of a Grantor and Grantee of Real Property
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How to fill out Maryland Affidavit Regarding The Identity Of A Grantor And Grantee Of Real Property?
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In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person. However, the specifics of their transaction may vary depending on the situation. The official documents they use, such as a deed, detail their obligations.
A property deed is a written and signed legal instrument that is used to transfer ownership of the real property from the old owner (the grantor) to the new owner (the grantee).
The key legal requirements for a document to be a formal deed are:The document must be in writing.The document must make clear that it is intended to be a deed known as the face value requirement.The document must be properly executed as a deed.The document must be delivered.More items...?
What is a grantor? A grantor refers to a person or institution that conveys ownership of a property. It is also an entity that creates a trust, also known as a settlor or creator.
Maryland law requires all deeds to include the names of the grantor (the seller) and grantee (the buyer), a description of the property, and the interest that you intend to convey. All deeds must be recorded with the Department of Land Records in the county where the property is located.
A deed must be notarized (signed in person before a notary public). A "lien certificate" must be attached, if required. This will show any unpaid taxes or liens on the property which must be paid before property can be deeded or transferred. A "State of Maryland Land Instrument Intake Sheet" must be filled out.
The Grantee is the buyer, recipient, new owner, or lien holder. When "vs." appears on legal documents, the Grantor is on the bottom, the Grantee is on the top. Petitioner is the Grantee; Respondent is the Grantor.
Witnesses are not required for conveyances of real estate in Maryland. The deed must be executed and recorded in order to provide notice of the transfer. A grant deed should be recorded in the county where the property is located.
Certificate: The deed includes a certificate of preparation, stating that the deed was prepared by or under the supervision of a Maryland lawyer or by one of the parties. This certificate must be signed by the lawyer or party who prepared the deed.
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