Dallas Texas Grant Deed

Category:

Real Estate - Deeds - Grant

State:

Multi-State

County:

Dallas

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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How to fill out Grant Deed?

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FAQ

Since this type of deed is less familiar than either warranty or special warranty deeds, you might ask, What is a grant deed? In Texas, a grant deed is an instrument with which a property owner can transfer real estate with implied covenants of title.

Texas is one of the few states that is a deed of trust state. While many people take out a mortgage to purchase real estate, which is a loan borrowed from a bank to finance the purchase of a home, in most states, there are only two parties named on this legal document the lender (bank) and the borrower (homeowner).

The most common type of deed used in Texas is a general warranty deed. This type of deed guarantees the title comes without any liens, easements, or other title problems.

The purpose of a deed is to provide legal protection to buyers (called grantees) of real property. Grant deeds are most commonly used when a grantee is acquiring real property in a tax or foreclosure sale.

A grant deed is a form of such written proof that an individual owns a property that also provides title guarantees to the new owneri.e., insurance that the property title is free of claims or liens and the new owner has the right to sell or transfer the property to another.

In Texas, there are basically four main types of deeds: a general warranty deed, a special warranty deed, a deed without warranty and a quitclaim deed. The differences between them are profound, and the type used continues to affect both parties well after the transfer takes place. But back to basics.

The purpose of a deed is to provide legal protection to buyers (called grantees) of real property. Grant deeds are most commonly used when a grantee is acquiring real property in a tax or foreclosure sale.

You need to contact the appropriate taxing entity or their tax assessor/collector for tax documents. o Deeds The DCAD does not produce deeds; you can contact the Dallas County Clerk's office for official copies of deeds. The DCAD does not perform deed research. 5.

In Texas, a grant deed conveys title to real property with implied covenants. By including the words "grant" or "convey," the grantor guarantees that he/she has not transferred title to the property to anyone other than the grantee, and that, at the time of transfer, the estate is free from impediments.

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