FINANCE STRATEGISTS - Key Persons
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- Veteran Portfolio Manager / CEO of Roboadvisorpros.Com / Professor of Finance
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- Fannie Mae Student Housing Loan / Fannie Mae
Grant Deed vs Deed of Trust
Grant deeds are legal documents that transfer real estate ownership from one party to another for a specified price. They contain the full description of the property, the names of both parties involved in the transaction, and the sales price.
The grant deed guarantees that the grantor is currently the rightful owner but does not guarantee against any title defects present before they acquired the title.
In contrast, a deed of trust is a legal document that secures a loan against real property. The lender may foreclose on the property without going to court if the borrower does not make payments.
This makes foreclosure faster and less expensive than with a mortgage deed, as a court hearing is not required. The proceeds of any sale or auction go directly to the lender.
The key difference between a grant deed and a deed of trust is the presence of a loan and subsequent obligations. A grant deed allows for the transfer of ownership from one party to another without retaining any future rights over the property.
In contrast, with a deed of trust, the borrower and lender will have an ongoing relationship until repayment or transfer to another party. In the event of non-payment, lenders may foreclose on the property to seek repayment, a right that is not available with a grant deed.
Elder law is a specialized area of law that addresses the legal issues faced by older adults.
Elder law is a legal practice area that focuses on the legal issues faced by older adults, including estate planning, long-term care planning, social security and retirement benefits, and health care decision-making.
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- Founder and CEO of Squamish Alternative Energy Group / Financial Analyst
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- CEO of Bosssinglemama.Com
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- CEO
- Founder
- Certified Financial Planner
I'm Taylor Kovar, a Certified Financial Planner (CFP), specializing in helping business owners with strategic financial planning.
Choosing a trustee involves considering reliability, expertise in managing assets, and understanding of the beneficiaries' needs. Opt for someone with a strong financial background, integrity, and the capacity to make impartial decisions. It's crucial they communicate effectively and have a proactive approach to managing the trust's affairs. Consider hiring a professional if your trust involves complex assets or requires specialized knowledge.
True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.
True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.