This form is a Warranty Deed where the grantor and/or grantee may be a limited partnership or LLC.
Alaska Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee
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State:
Alaska
Control #:
AK-SDEED-7
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Word;
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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.
Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.
No a will does not override a deed. A will only acts on death. The deed must be signed during the life of the owner. The only assets that pass through the will are assets that are in the name of the decedent only.
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.
A warranty deed can be revoked. In most situations, the person signing the deed needs the cooperation of the person who received the deed to revoke it.If the deed was prepared for a property transfer as part of a typical sale, though, you probably will have to take legal action to revoke the deed.
The grantee is the party who receives the transfer of the property after, in the case of sale, a closing occurs.
A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.
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.
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.