Is the buyer the grantor or grantee?

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.

What is WD with vendors lien?

A warranty deed is an agreement of ownership of a property. It is a guarantee the property is free and clear in title. A warranty deed with a vendor's lien is a warranty deed with an encumbrance on the property (lien). This is a security for an unpaid debt of ownership.

What does WD with vendor's lien mean?

A warranty deed is an agreement of ownership of a property. It is a guarantee the property is free and clear in title. A warranty deed with a vendor's lien is a warranty deed with an encumbrance on the property (lien). This is a security for an unpaid debt of ownership. It is a form of security to the original owner.

What does being a grantee mean?

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.

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Subordination of Vendor's Lien Retained by Grantor in Warranty Deed

Sacramento California Subordination of Vendor's Lien Retained by Grantor in Warranty Deed

Name: Sacramento California Subordination of Vendor's Lien Retained by Grantor in Warranty Deed
Brand: US Legal Forms
Rating: 4.66 (468 reviews)

Category:

Oil Gas and Minerals - Subordination

State:

Multi-State

County:

Sacramento

Control #:

US-OG-138

Format:

Instant download

Description

If a person has purchased land, and the grantor in the deed reserves a vendors lien, that lien is superior to any subsequent grants by the owner of the land, including any oil and gas lease entered into at a later date. This form provides for the lien holder to subordinate a retained vendor's lien to an oi land gas lease on the lands that are the subject of the vendor's lien.

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FAQ

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.

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.

Both a warranty deed and deed of trust are used to transfer the title of a property from one person to another. However, the difference between these two contracts is who is protected. As you now know, a deed of trust protects the beneficiary (lender). A warranty deed, on the other hand, protects the property owner.

A warranty deed is an agreement of ownership of a property. It is a guarantee the property is free and clear in title. A warranty deed with a vendor's lien is a warranty deed with an encumbrance on the property (lien). This is a security for an unpaid debt of ownership.

In Texas when a vendor sells property and there is unpaid purchase price, a vendor's lien arises against the property to secure the payment of the unpaid purchase price. An express ven- dor's lien can be reserved in the deed and/or in the real estate lien note.

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 grantor is the person who is transferring ownership to another person. A grantee, then, is the recipient of the real estate property.

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.

A purchase money mortgage, or seller financing, is a type of vendor's lien in which a seller has the right to repossess a piece of real estate from a delinquent buyer. It is commonly used when a buyer has poor credit and cannot secure a loan from a bank or other lending institution.

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Sacramento California Subordination of Vendor's Lien Retained by Grantor in Warranty Deed

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FAQ

What does a grantor mean?

Is the buyer the grantor or grantee?

What is the difference between a warranty deed and a deed of trust?

What is WD with vendors lien?

What does WD with vendor's lien mean?

What is a vendor's lien in Texas?

What is the difference between a grantor and a grantee?

Is a grantor an owner?

What does being a grantee mean?

What is another term given to a vendor's lien?

Interesting Questions

What is the Sacramento Subordination of Vendor's Lien Retained by Grantor in Warranty Deed799717?

Why would a grantor retain a vendor's lien on the property?

What is the purpose of subordinating the vendor's lien in Sacramento?

How does subordination of the vendor's lien affect the seller?

Does subordination of the vendor's lien impact the buyer?

What are the steps involved in the subordination process in Sacramento?

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