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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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^is what some1 who cannot blend foundation would say
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IrishDinosaur
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Ignoring the racist troll, unpopular opinion: match light coverage foundation to face, match Med/high coverage to neck
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no trust me you are going to not want to do the neck or collarbones or you look likea drag queen
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im not taking makeup advice from a dude
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tfw the adderall wears off and you start doubting that youll even go to law school
LawwithKay
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@NemoPropheta: same af
tfw the adderall wears off and u realize u've been in a fugue panic state all day and haven't eaten so u absolutely destroy some homophobic chicken (chickfila)
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homophobic chicken is crazy
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I had been on a track to join the Department of State this summer up until January. only had a month to change course and prepare for LSAT and got a 155, should I just take a gap year?
MrThickRopes
23:48
get that up 2 a 165
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