Types of Deeds
Types of Deeds
-
Deed of Title: Types, Requirements and Restrictions
A deed of title is a formal document, which serves as evidence of property ownership. It is used for transferring or exchanging property ownership interests and rights. There are various types of deeds used depending on the type of transfer....
-
A gift deed is a formal written legal document which gives legal ownership in property from one person to another person. Since the transfer of ownership is based upon a gift, there...
-
A security deed functions in a similar fashion as a mortgage. The security deed is an interest in real estate which gives legal title of property to the lender of the mortgage for the term of the mortgage note. Once the note is paid...
-
The Differences Between Trust Deeds and Grant Deeds
A deed is a written instrument which conveys an interest in property from the grantor to the grantee. In order to be valid, a deed must be signed by the grantor and contain a description of the property being conveyed. Grant deeds and trust deeds serve completely different purposes. What is a Grant
-
Understanding the Executor's Deed
An executor's deed is a deed used by an executor to convey or transfer property out of the estate of a person who died with a will. Although state law governs the information which must be contained in an executor’s deed, the following information is generally required: The name of the executor;
-
A Warranty Deed with Vendor's Lien
In selling or buying real estate, there are certain basic terms of which an individual needs to become aware. Among them is a warranty deed with vendor’s lien. It combines several different principles found within real estate law. These include the terms warranty deed and vendor’s lien. What is a
-
When transferring an interest in real property from one owner to another an instrument known as a deed is used. There are many different types of deeds. A form of warranty deed is used most often to convey title in real property than any other type of deed.
-
Joint Tenants With Rights of Survivorship Deed
A survivorship deed is generally used when two or more people own property. When one owner dies, the title to the property automatically transfers to the other owner(s). The property cannot be transferred under a will to the decendent's heirs. Joint tenancy deeds are commonly used between spouses.
-
A fiduciary deed is a deed which is executed by a fiduciary. A fiduciary is a person who is authorized to handle the affairs of another person who is either unable to handle his or her affairs due to...
-
The definition of Quitclaim Deed can sometimes be confusing for some people to understand. Basically, Quitclaim Deed is a method used to transfer the interest that you have in a property such as your home or land, to another person.
-
This is the mortgage document. It is recorded among the land records, and your lender will keep the original. When you pay off the loan, the lender will return it with the promissory...
More Articles on Deeds and Trusts
More Articles on Deeds and Trusts
-
What is a Quiet Title Lawsuit or Action?
A Quiet Title Lawsuit is known under common law as a suit in equity and is filed for the purpose of establishing the rightful owner of a piece of real property such as a parcel of land or a home. The need to file a quiet title lawsuit results from situations where there are multiple...
-
Covenant Condition Restriction (CC&R's)
Covenant condition restriction is an agreement, usually included in the deed to a property, restricting the manner in which the property can be used. For example, a deed for a residential property may contain a covenant that the owner won’t permit “noxious uses” on the property, or any of a lengthy list of particular offenses such as stables, factories and so forth.
-
What is the Preliminary Title Report?
At the heart of most real estate transactions is the preliminary title report. A preliminary title sets forth various details about a piece of real estate, including: Ownership; Liens and encumbrances; and Easements. The information in a preliminary title report, also known as a title search, is gathered
-
Ways to Take Title of Real Estate in California
Common ways to take title to California residential property: Advantages and Limitations