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Simple English definitions for legal terms

grantor-grantee index

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A quick definition of grantor-grantee index:

A grantor-grantee index is a tool used by counties in the United States to keep track of who owns a piece of land. When someone sells their land, they or their loan company should record the sale with the county records office. Before someone buys a piece of property, a title search should be done to make sure the person selling it actually owns it. The grantor-grantee index is a list of all the land transfers, organized by year and name. It used to be a physical book, but now it's digital. If you buy property but it's not in the index, someone else could buy the same property and record it with the county, which would make your purchase invalid.

A more thorough explanation:

Grantor-grantee index is a tool used by most counties in the United States to record the transferring of property ownership. It is an official documentation of land transfers, and courts look to these indexes to see who owns property.

Every time someone sells their land, they or the loan company should record the sale with the county records office. Before someone even pays for a piece of property, a title search should be conducted where a title company looks through a grantor-grantee index to find the ownership status of the property the individual wishes to buy. Otherwise, a person may be purchasing an invalid title, which could result in them paying for no legal ownership at all.

Historically, grantor-grantee indexes have been in a physical form with transfers grouped by year and by name so that transfers can be properly researched. In recent years, these indexes have become digital and organized in a variety of ways.

For example, if John sells his house to Jane, the sale should be recorded in the grantor-grantee index. If Jane wants to sell the house to someone else, the new buyer's title company will look at the grantor-grantee index to make sure that Jane is the legal owner of the property and has the right to sell it.

The grantor-grantee index is an essential tool for anyone involved in real estate transactions. If you purchase property but it is not inserted into the index, another person could purchase the same property and record it with the county, likely leaving your purchase invalid.

grantor | grantor-retained annuity trust

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RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
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