what does grantee mean of a deed
A typical deed has a grantor and grantee. The grantor is the owner, or seller, of the real estate. The grantee is the person, or buyer, receiving the deed. After a deed is recorded, the grantee owns the property. A deed of trust has three parties known as the grantor, trustee and lender, or beneficiary. A deed of trust does not transfer ownership like a deed. The grantee in a deed of trust is either the trustee or the beneficiary.