Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

grantor-grantee index

Read a random definition: lien jurisdiction

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
13:00
@atwatodbit: haha ty wishing you the best as well
cumsock
13:00
careful! i graduated from reddit university
13:00
@texaslawhopefully: another day another missed wave??
lilypadfrog
13:01
what if I started using redditisms
lilypadfrog
13:01
thank you kind stranger for the gold
Trismegistus
13:01
do all my hopes and dreams and sanity rest on chicago now
texaslawhopefully
13:01
@sadpadresfan: prolly. My only hope is my last name is towards the end of the alphabet
lilypadfrog
13:01
i hope u guys would put me down like a dog that bit a baby
Trismegistus
13:02
@texaslawhopefully: i saw 3/4 down alphabet then 30- mins later 1/2 down alphabet
texaslawhopefully
13:02
so they're still calling?
Trismegistus
13:03
that i dont know
KeenHeartbreakingRattlesnake
13:03
the Penn e wave is about to cook me
atwatodbit
13:03
@sadpadresfan: did you get your Cornell scholly with your A at the same time? I think they gave me nothing...
lilypadfrog
13:04
tex also got cornell scholly ask him
texaslawhopefully
13:04
there's a form you fill out
texaslawhopefully
13:04
and they'll get back to you within a few days
13:04
@atwatodbit: they emailed me a day after submitting the form
atwatodbit
13:05
ah ok, i've seen that, just need to get parental info then. just making sure
13:05
Feeling fortunate and its my top choice as of now haha
lilypadfrog
13:06
what if you fill this out and you haven’t been admitted? just a next level move? they probably have to let you in then
PerpetualCheerfulBeaver
13:06
I applied to all my places in late september and am still waiting to hear back. ive missed all three types of waves (WL,R,A) am i screwed??
texaslawhopefully
13:07
Your guess is as good as mine. I'm in the same boat for most schools
Trismegistus
13:07
begging chicago for an A
atwatodbit
13:08
the vast majority of the t14 has not hit 50% of their As, many have not even hit 25%. zero reason for panic
PerpetualCheerfulBeaver
13:08
Thank you texas!
choosingpeace
13:08
missing CLS and Penn waves im so screwed
choosingpeace
13:08
i applied early too i hate everything im crashing out im crashing OUT
PerpetualCheerfulBeaver
13:08
I literally have no experience in this type of stuff, but if i get waitlisted, should i send an email about continued interest?
lilypadfrog
13:09
im so nonchalant
LSD+ is ad-free, with DMs, discounts, case briefs & more.