Idaho Grant Deed

Category:

Real Estate - Deeds - Grant

State:

Multi-State

Control #:

US-03215BG

Format:

Instant download

Description

A deed is an instrument by which an owner (the grantor) transfers an interest in land to a new owner (the grantee). No consideration is required to make the deed effective. The deed is necessary to transfer title to land even if it is a gift. It has no effect, and title does not pass until the deed has been delivered. The recording of the deed is not required to make the deed effective to pass title between the buyer and the seller. However, recording is necessary so that the public will know that the buyer is the present owner. Recording constitutes "notice to the world" of the transfer in title.

The grantor is the person selling the property. The grantee is the person buying the property. A grant deed is a deed containing an implied warranty that there are no encumbrances on the property not described in the deed and that the person transferring the property actually owns the title. It must describe the property by legal description of boundaries and/or parcel numbers, be signed by all people transferring the property, and be acknowledged before a notary public. It is in contrast to a quit claim deed, which only conveys the interest that the transferor actually owns, if any, without a warranty of ownership.

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FAQ

A grant deed, also known as a special or limited warranty deed, is a legal document used to transfer real estate between a previous owner (the grantor) and a new owner (the grantee).

A real estate deed must be signed and acknowledged by the grantor. The proof or acknowledgement of an instrument can be made anywhere in Idaho before a justice or clerk of the Supreme Court, a notary public, the secretary of state, or a United States commissioner (55-701).

An Idaho deed is a conveyance instrument that transfers a property title from a grantor to a grantee. After a real estate purchase agreement has been negotiated and signed, the property's ownership must still be conveyed from the owner to the buyer through a deed.

Gift Deed ? A gift deed is a special type of grant deed that ?gifts? ownership of real property interest to another person or entity. This deed is different from a standard grant deed because it specifically designates that the transfer was not subject to a sale, and the grantor received no monetary compensation.

A Warranty Deed is signed at closing in purchase and sale transactions. It conveys the title of the property from the grantor, or seller, to the grantee, or buyer.

Property Record Search You can find document numbers and party information online; however, if you would like to view the property record in its entirety or receive a copy of the documents, you must come to the Ada County Recorder's Office during normal business hours.

An Idaho special warranty deed transfers possession of a property to a buyer (the "grantee") with the promise that the land is free of any encumbrances made by the seller (the "grantor"). An encumbrance is a third-party claim against the property's title, such as a mortgage, easement, or lien.

Recording ? The quitclaim deed must be filed at the County Recorder's Office (See County List) in the jurisdiction of the real estate. Signing (§ 55-805) ? A quitclaim deed must be signed with the Grantor(s) in front of a notary public.

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