deed Archives - Legal Dictionary

Warranty Deed

May 19, 2015 by: Content Team

A warranty deed is a deed in which the seller, also known as the “grantor,” guarantees to the buyer, also known as the “grantee,” that he holds clear title to the property, and that he has a legal right to sell it. A warranty deed is the most common type of deed used to transfer real property from a seller […]

Deed

April 25, 2015 by: Content Team

A deed is a legal, written document used to transfer or signify ownership of real property, or certain types of personal property. A deed is commonly required for the transfer of land, as such a transfer can only be made in a specific manner prescribed by law. The deed is signed by the person transferring the land (the “grantor”), conveying […]

Foreclosure

November 24, 2014 by: Content Team

Foreclosure is the legal process that involves taking possession of property when a loan borrower fails to make payments to the lender. The lender takes possession of the property and attempts to sell it in order to recover the amount owed by the borrower. Mortgage lenders and lien holders are required to follow certain legal guidelines in order to start […]