What role does a Grantor play in a mortgage transaction?

In a mortgage transaction, the Grantor plays a crucial role as the individual or entity that grants the mortgage, effectively encumbering the property. This means that the Grantor is the borrower who allows the lender to place a lien on the property as security for the loan. By doing so, the Grantor is providing the lender with a legal claim to the property if the borrower fails to meet the terms of the mortgage agreement.

The Grantor's action is foundational to the mortgage process, as it establishes the lender's rights to the property for the duration of the loan. In contrast, other roles such as the individual receiving funds for the property or the notary witnessing the transaction serve different functions in the overall process, without directly impacting the creation of the mortgage or the obligations it entails.