Who is the recipient of property in a transfer after the deed is executed?

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Study for the Chartered Property Casualty Underwriter 530 Exam with flashcards and multiple choice questions. Each question has hints and explanations to enhance your understanding and prepare you thoroughly.

Multiple Choice

Who is the recipient of property in a transfer after the deed is executed?

Explanation:
In a real property transfer via a deed, the person who receives title is the grantee. The grantor is the party who conveys the property, signing the deed (execution) and delivering it to the grantee to complete the transfer. Recording the deed later provides public notice of the transfer and protects the grantee’s rights. The lender or the mortgagor isn’t the recipient of the property in a typical transfer; the lender holds a lien or security interest, and the mortgagor is the borrower, not the new owner, unless the deed is specifically made out to them.

In a real property transfer via a deed, the person who receives title is the grantee. The grantor is the party who conveys the property, signing the deed (execution) and delivering it to the grantee to complete the transfer. Recording the deed later provides public notice of the transfer and protects the grantee’s rights. The lender or the mortgagor isn’t the recipient of the property in a typical transfer; the lender holds a lien or security interest, and the mortgagor is the borrower, not the new owner, unless the deed is specifically made out to them.

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