Escrow & Title
In Maine, the grantor in a deed conveyance is the:
ABuyer
BSeller (the person transferring title)✓ Correct
CLender
DReal estate agent
Explanation
The grantor is the person transferring title (typically the seller). The grantee is the person receiving title (typically the buyer).
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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