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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

deed

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

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Individuals who do pay the taxes can be added to the property title by using a quitclaim deed, allowing them to preserve their deduction.
I reviewed all of the relevant warranty and quitclaim deed volumes for
20, 2004) (quitclaim deed was sufficient to create remainder interests in grantees and reserve life estate in grantor).
2005) (holding that a purchaser by quitclaim deed assumed the risk that the transferor's interest was not unblemished).
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.
Eight of these were sales contracts; one was a testament in which three slaves were promised their emancipation, in addition to medium-sized legacies (60-150 ducats); another consisted of a quitclaim for a dowry, in which Roxa, former slave of nobleman Jacopo Ciuriano, confirmed her receipt of 150 ducats, a bequest to her on the occasion of her marriage.
The first document is a quitclaim to be found in the Upcott Collection of agreements about copyright preserved in the British Library.
The IRS does not recognize a quitclaim for tax purposes.
The mahele required that the king quitclaim his interest in about 1.5 million acres of ahupua'a and other lands to 245 chiefs, designate another 1.5 million acres of government lands for "the chiefs and people of my Kingdom,"(37) and set aside one million acres of crown lands "for me and for my heirs and successors forever, as my own property exclusively."(38) The mahele thus vested title in the king and the chiefs and imposed descendancy requirements on the crown lands, essentially creating an estate in fee tail.(39) Although the mahele did not accomplish many of its intended objectives,(40) it did lay the groundwork for the establishment of a trust relationship between Native Hawaiians and the United States in the future.(41)
By a quitclaim deed dated May 12, 1992, he transferred his entire interest to one of the other partners.