An estate in reversion is a future interest that a grantor retains for themselves, which begins after the termination of some particular estate that has been granted.
A grantor is an individual or entity that conveys ownership of an asset, typically through the execution of a deed. This figure plays a key role in real estate transactions by transferring the title of property to a grantee.
A Grantor/Grantee Index is a crucial public record that cross-indexes grantors and grantees and the properties they relate to. This index aids in tracing the history of property ownership.
A quitclaim deed is a legal instrument that transfers the grantor's interest in a property to another party without warranties or guarantees regarding the property's title. It is often used to clear clouds on the title or transfer property between family members.
A Special Warranty Deed is a type of deed in real estate where the grantor warrants only against title defects or claims that arose during their ownership of the property, not for previous owners.
A clause in a deed or other conveyance that cites the act and date, ensuring that all details such as names and legal descriptions are correct before signing.
A legal arrangement where property is transferred to a trustee, who manages it for the benefit of the beneficiary.
A Warranty Deed is a legal document that ensures that the seller (grantor) of a property has a clear and marketable title to transfer to the buyer (grantee) and guarantees to defend the buyer against any claims to the property.
