Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.
A document used in certain states and jurisdictions for the sale or other transfer of real property from one individual or entity to another. Each party transferring an ownership interest in the property is considered a "grantor". The person receiving an interest in the property is a "grantee". The grantors are all required to sign the grant deed. This document must be acknowledged before a notary public or other official who is authorized to take oaths. An Acknowledgment is an official notary act. The importance of a notarization on this document is to verify the identity of the signers, to make sure they are the real owners of the property at stake.
Many loan signings have a Grant Deed as one of the documents although its not a standard document in a loan package. When a Grantor signs a Grant Deed, he/she is authorizing the county recorder to put a new name on the Title Deed for the property in question.Thesaurus / Related Terms
Deed of Trust
Quit Claim Deed