We are a married couple and first time home buyers. What do we need to know about Title Deeds and Transfers?

Question; My new husband and I are buying a house for the first time! We are so excited. However, we’re not sure exactly how the whole title deed transfer process works? Does our real estate agent take care of all this? And what is title insurance?

Response: Deed transfers are designed to transfer title to a home. This means that a deed is a document that changes the legal ownership of land. The person who owns the land is said to have title to the land, so when a title deed transfer occurs, the formal legal deed specifically transfers title into your name. You will get the title and deed. Title insurance is insurance that guarantees that the “title” to the house is clear. That means that it guarantees that the person who sold you the interest in the land and the interest in the home had the right to sell you 100% interest and that you actually bought a 100% interest. Title insurance is designed to protect you and the bank from a person who may try to transfer a deed to a property that they do not own 100% o the rights of. If you have questions about the title deed transfer or want to ensure you are getting the house with clear title, you may wish to speak to a qualified real estate attorney.

Answered by Christy Rakoczy

Additional Resources: Grant Deed for Transfers

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