| Q: |
How does Title
pass from one owner to another? |
| A: | Legal title passes from one owner to another in
one of many ways through a WILL, Inheritance, Grant, Operation Of Law, Court Decree, Descent &
Distribution etc. In most cases, however, it is conveyed through a written
instrument called the DEED. The person conveying ownership is
called a "Grantor" while the person to whom ownership is conveyed
is called the "Grantee". The Deed must be delivered by
the grantor and accepted by the grantee. A Deed does not have
to be dated, notarized, recorded or have any consideration to be
valid. However, it must be notarized before it can be recorded in
court. |