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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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babycat
15:45
@info-man: agreed
babycat
15:48
just my opinion but grade inflation is probably more of an undergrad thing since law school grades tend to be on a curve
shaquilleoatmeal
15:49
Leaving the office just now and this chic is blasting glorilla in the elevator...doesn't match our work location vibe lmao
shaquilleoatmeal
15:49
shits gonna be stuck in my head all night now
glovediedthisishismom
15:50
northwestern has a dude with a murder charge in their class this year dont they
shaquilleoatmeal
15:50
what^^
shaquilleoatmeal
15:50
no way
HopefullyInLawSchool
15:50
2 next year
glovediedthisishismom
15:50
google it shaq some dude got his degree in prison and is now at nw
HopefullyInLawSchool
15:50
Bro is studying to beat the charges
shaquilleoatmeal
15:52
While representing himself in court, McKinley's sentence was reduced from 100 years to 25, a sentence he served in full. While still incarcerated, he took the LSAT, or Law School Admission Test, and applied to law school - no shit, thats impressive how much he lowered his sentence being pro say
JumpySubsequentDolphin
15:52
@HopefullyInLawSchool: that made me lol
babycat
15:52
there was a convicted rapist admitted to some southern law school not too long ago
shaquilleoatmeal
15:53
smh
glovediedthisishismom
15:53
fun fact gangs specifically have all their shooters be 12-16 year olds so they can go to juvee and get their charges sealed like nothing happened
shaquilleoatmeal
15:56
yo, what should i pick up for dinner?? Cava or Sweetgreen
glovediedthisishismom
15:56
sweetgreen
glovediedthisishismom
15:56
i wish i had one close to me
babycat
15:56
shaq how did your date with Uber girl go?
soyalmondoatmilk
15:57
OMG I LOVE SWEETGREEN
shaquilleoatmeal
15:57
lmaooo oh man i gotta find a way to make a long story short - sg it is ! What do you guys usually get? I'm tired of my same old same old
soyalmondoatmilk
15:57
i love the harvest bowl
soyalmondoatmilk
15:57
their salmon is good too
shaquilleoatmeal
15:58
@babycat: you gonna be on later tonight? i gotta get home, shower, and then I can hop back on and give you the break down lmao
shaquilleoatmeal
15:58
i dont know how much i trust salmon from quick take out spots so i've never tried it there. Harvest bowl is OG and always good for when you need a quick decision
soyalmondoatmilk
15:59
that's so fair. i love their roasted sweet potatoes and spicy cashew dressing--highly recommend
babycat
16:00
@shaquilleoatmeal: I’ll stop by just for you. I gotta grind out some of my last essays tn.
shaquilleoatmeal
16:02
@soyalmondoatmilk: im weak af, can't handle that spicy cashew lmao
shaquilleoatmeal
16:03
@babycat: 😘 see you in a bit, grind out those essays before you hop back on
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