Mortgage Deed

The title deeds to a property with a mortgage are usually kept by the mortgage lender. They will only be given to you once the mortgage has been paid in full. But, you can request copies of the deeds at any time.

While you have a mortgage, the lender has rights to the property title until the loan is paid. If you buy a home without a mortgage, the real estate attorney or title company records the deed and issues a copy to you.Most records offices have a form to complete such as a Title Deed Request.

Deed: This is the document that proves ownership of a property.Mortgage: This is the document that gives the lender a security interest in the property until the Note is paid in full. If the debt is not paid, then the lender can enforce its security interest by foreclosing on the property.

When you own a home, you own both the deed and title for that property. In real estate, title means you have ownership and a right to use the property.The deed is the physical legal document that transfers ownership. It shows who you bought your house from, and when you sell it, it shows who you sold it to.

The Difference Between A Title And A Deed A deed is an official written document declaring a person's legal ownership of a property, while a title refers to the concept of ownership rights.In this way, a book title and a property title are the same: neither are physical objects, but rather concepts.

In short, a deed is something you can hold in your hand, whereas a title is just the term for the person or persons who own the property.Title, is a term for saying you have ownership rights over something, whereas deed is the official legal document.

Execute the mortgage documents. Affidavit to be sworn by two witnesses in the deed. Visit the notary public who will get the document notarized. Pay for the stamp duty. Pay for the registration in the Registrar of Deeds office. Obtain the title for the mortgage.