Secure Deed For Free

The biggest difference between a deed and a title is the physical component. 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.

Release of Security Deed (Mortgage)

Most people utilize a mortgage loan to finance the purchase.When the transfer is complete, the seller must sign a warranty deed and the buyer signs a type of security instrument with intent to repay the loan. The state of Georgia calls this instrument a security deed, while others call it a mortgage or deed of trust.

A deed of trust, or security deed, as it is known in some jurisdictions, is a form of mortgage. A borrower of money signs a promissory note demonstrating the debt owed to the lender. The promissory note will generally recite the purpose of the loan and indicate that it is secured by real property.

A mortgage grants ownership of your home to the lender which will transfer the title back to you after the loan is paid. A deed of trust conveys the title to a third-party trustee acting on behalf of the mortgage company which will then place a mortgage lien against your home.

A deed of trust, or security deed, as it is known in some jurisdictions, is a form of mortgage. A borrower of money signs a promissory note demonstrating the debt owed to the lender. The promissory note will generally recite the purpose of the loan and indicate that it is secured by real property.

A Security Deed can have many names. In some cases, it's known as a Deed to Secure Debt, Warranty Deed, or even a Loan Deed. It provides a full and direct legal title transfer from the borrower to the lender, leaving the equitable title with the borrower. The lender then provides the loan.