Hey and welcome to the grant deed tutorial. This will also work for the quick claim deed, which is pretty much the same thing. It does pretty much the same thing. There are a few instances in which you might see a grant deed. What a grant deed does is if there are any changes to the people currently on title, if there are any changes that need to be done to the names, or if they're adding somebody or taking somebody off, a grant deed is what you would draw up to make those changes. That's what it does. So in this case, we'll take a look at this in this area right here. This is where the granting is being done, if you will. So, Daniel and Laura, husband and wife, are joint tenants. Now that's called a vesting, it's how they're vested in the property. They hereby grant to Laura and Daniel, wife and husband, as joint tenants. See what they did there? They just switched around who's first on title. That would require a grant deed. It really doesn't matter to us why there's a grant deed. We just want to go over it to make sure you know what it is and how to fill it out. Great. This area right here, this is called the legal description of their property. It really doesn't mean anything to us or the borrower unless they're really into that kind of thing. Sometimes these are one page, sometimes they're two. In this instance, it's two pages. So on the second page, you're gonna have them sign exactly how their names are printed below. And then they've prefilled in an acknowledgement for you to fill out. So you're just gonna fill all this out, sign it, put your stamp on there,...
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Grant deed san francisco Form: What You Should Know
GRANTEE'S REPRESENTATION THAT (A) GRANTEE IS THE OWNER OF SUCH REAL PROPERTY WITH THE RIGHT OF SETTLEMENT PURSUANT TO SECTION 10.08.110 (COMMERCIAL SALES), OR (B) SUCH REAL PROPERTY MAY NOT BE SOLD AS AN ASSET, AND (C) GRANTEE IS THE OWNER OF SUCH REAL PROPERTY, WITH THE RIGHT OF SETTLEMENT PURSUANT TO SECTION 10.08.110(1), (2), OR (3) OF THIS CHAPTER, OR (D) GRANTEE'S REPRESENTATION THAT, BY CERTIFICATE OF INCORPORATION, GRANTEE IS THE OWNER OF SUCH REAL PROPERTY WITH SUCH RIGHTS; PROVIDED HOWEVER THAT ANY SUCH PROPERTY IS NOT MADE UP ENTITLED OR SOLD AS AN ASSET.
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