Closings glossary
Grantor and grantee
The two sides of a conveyance: the grantor gives the interest and the grantee takes it. Both names index the instrument in the public record.
What is the difference between a grantor and a grantee?
Quick Answer
The full definition
The two sides of a conveyance: the grantor gives the interest and the grantee takes it. Both names index the instrument in the public record.
Where does grantor and grantee come up in a New York City closing?
An ACRIS grantor and grantee search under a Staten Island seller's name turns up a 2019 mortgage that never appeared on the address search.
What else should you read before closing?
In the glossary
- DeedThe instrument that conveys real property. Signature, acknowledgment and delivery make it effective between the parties, while recording is what pr...
- RecordingFiling an instrument with the register or county clerk so it becomes part of the public record. Recording establishes priority against later purcha...
- ACRISNew York City's public index of recorded property documents. Deeds, mortgages, satisfactions, easements and many liens are recorded here, which mak...
- Chain of titleThe sequence of recorded conveyances of a property, from an earlier known owner to the present one. Gaps and defective links in the chain are what ...
- Title searchThe records examination behind a title report, covering the chain of title, encumbrances and court filings against the owners. It precedes the comm...
Questions this raises
Have a closing coming up?
Tell us about the transaction. An attorney reads every intake form and responds the same business day.
Legal Disclaimer: This page is general information about New York practice. It is not legal advice, it does not account for the terms of any particular contract, building or transaction, and reading it does not create an attorney-client relationship. This is attorney advertising. Prior results do not guarantee similar outcomes.