The main purpose of the grant deed is to transfer property title from one person to another, usually from a seller to a buyer. The seller of property “grants” the property to the buyer. A grant deed has two implied warranties or guarantees to the buyer of property. The warranties are implied (by law), meaning the actual deed need not state the warranties for them to be effective. First, the grant deed warrants or guarantees that the seller (or “grantor”) has not transferred title to anybody else previously at another time or with another party. Second, the grant deed warrants that the property is free and clear from any undisclosed encumbrances incurred by the seller.
Nearly all buyers and mortgage lenders insist that a current policy of title insurance accompany the grant deed as a form of additional protection. We charge an affordable attorney fee for review and drafting of all deeds.