Deed

Business / Taxes / Deed: A deed is a written document that transfers ownership of land or other real estate from the owner, also known as the grantor, to the buyer, or grantee. The form a deed takes varies from place to place, but the overall structure and the provisions it contains are the same. The description of the property being transferred is always included. When you use a mortgage to purchase the property that's being transferred by deed, you may receive the deed at the time of purchase, with the lender holding a lien on the property. Or the deed may belong to the lender until you have paid off the mortgage. In either case, a deed's creation must be witnessed and should be recorded with the appropriate local authority to ensure its validity.

Other Words for Deed

Deed Noun Synonyms: act, action, performance
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Deed Of Reconveyance

Business / Real Estate / Deed Of Reconveyance: A document used to transfer legal title from the trustee back to the borrower (trustor) after a debt secured by a deed of trust has been paid to the lender (beneficiary). MORE

Trustees Deed

Business / Real Estate / Trustees Deed: A deed executed by a trustee conveying land held in a trust. MORE

Special Warranty Deed

Business / Real Estate / Special Warranty Deed: A deed in which the grantor warrants or guarantees the title only against defects arising during the period of his or her tenure and ownership of the property and not against defects existing before t MORE

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