deed

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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.

deed

A written document properly signed,acknowledged,and delivered,and bearing a description of specific property and words of conveyance for that property.

References in periodicals archive ?
forms containing some basic quitclaim deed language, and bespoke
For example, in the case at hand, one quality-control provider testified that quitclaim deeds, whether approved by the lender or riot, were perfectly acceptable because they gave the lender someone else to pursue if the original borrower failed to pay.
OCCA calls for an end to a quitclaim era in the secondhand marketplace online: it keeps a seller honest by requiring him to prove the authenticity of his product prior to making it publicly available online.
Federation officials say they are offering a one-time bailout of $350,000 in return for signing a quitclaim deed relinquishing the New JCC's principal right to the property.
Additionally, it had served notices upon the law firm that prepared Lowe's 1993 quitclaim deed and the property's mortgagee, a bank.
Chapters address why an estate plan is necessary, how to select, prepare for and sign a will, preparing and changing a living trust, preparing a designation of primary physician, organ donation form, or quitclaim deed, and much more.
patent (essentially a federal quitclaim deed) to 160 acres of public
For if someone just signs a quitclaim deed there may be liens on the property that you don't know about.
Examples of such legal documents provided by the solicitation included: lease of property, quitclaim deed, forward commitment, intercreditor agreement, lockbox agreement.
The IRS does not recognize a quitclaim for tax purposes.
The mahele required that the king quitclaim his interest in about 1.
Due to the almost unlimited scope of the term "validly," the resulting unreasonable--if not impossible--due diligence requirements, the implicit opinions, the negative assurance, the quitclaim, and the overly broad reliance on client representations, a "validly holds" opinion should not be requested.