Location Required Field Deed For Free

What Is a Deed? A deed is an instrument written, signed and handed over by one person, known as the grantor (seller), that transfers ownership of the real property to another person, known as the grantee (buyer).

Bottom Line. When you're looking at purchasing a piece of land, there are 5 main types of deeds that you can use: Warranty Deed, Special Warranty Deed, Quitclaim Deed, Bargain and Sale Deed, and a Grant Deed. A Warranty Deed is the best of the best.

A warranty deed, which also may be called a general warranty deed, is the type of deed used most frequently when real property is sold. A warranty deed guarantees that the title is free and clear of debts or liens.

A deed for a house ? sometimes known as a property deed ? is a written document, typically drawn up by a real estate attorney, that moves property ownership from the seller (grantor) to the buyer (grantee). House deeds are important because they show who has legal ownership interest in a property.

There are four commonly seen deed categories: Quit Claim, Warranty, Special Warranty, and In Trust Deeds. When buying or selling real estate, it is important to understand the differences in each type of deed.

A conveyance deed is a document that transfers ownership of an asset from one party to another. It facilitates transfers in real estate, vehicles, or other assets with exclusive rights or limited licenses.

5. Deed of trust: A deed of trust is used in home loans and is signed among three parties?a lender (called the beneficiary), a borrower (called the trustor), and a third party called a trustee. During the course of the loan, the trustor transfers the title of the property to the trustee (typically a title company).