A grant deed provides two guarantees. One is that the seller (grantor) states that the property has not been sold to anyone else. The other is that the grantor warrants (promises) that the property title has no encumbrances other than those already revealed to the buyer (grantee). Typical information in the grant deed includes a granting clause, which transfers the title from the grantor to the grantee, the names of the grantor and the grantee, and details of the property being transferred.
A security deed replaces a mortgage and is used when the owner borrows against the property and the lender requires an interest in the property. The owner keeps using the property but the lender has title to it until the loan is repaid.
Lets take a look at the types of such documents that you might encounter in a real estate transaction. These are all forms of real estate deeds. The choice of the proper document depends on the type of real estate transaction.
The information you provide must be accurately described when recording in the public records and the steps you take must be done properly. Therefore, it is essential that you select the right kind of deed for transferring your property.
deed form sample
referee deed form
executor deed form