Differences

This shows you the differences between two versions of the page.

--- deeds [2025/12/13 14:04] – created reidjs
+++ deeds [2025/12/13 14:39] (current) – reidjs
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-## Deed (Real Estate)
+[[deed]]
-A **deed** is a **written legal instrument** used to **transfer ownership (title)** of real property from one party to another.
-### Key characteristics
-- Transfers **title**, not possession
-- Identifies the **grantor** (seller) and **grantee** (buyer)
-- Contains a **legal description** of the property
-- Must be **signed by the grantor**
-- Must be **delivered and accepted** to be valid
-- **Recording** provides public notice but is **not required** for validity between the parties
-### Common deed types (California)
-- **Grant Deed**
-  - Implies the grantor has not previously conveyed the property
-  - Implies no undisclosed encumbrances during ownership
-- **Quitclaim Deed**
-  - Conveys whatever interest the grantor has (if any)
-  - **No warranties**
-- **Warranty Deed**
-  - Provides the **highest level of buyer protection**
-  - Rarely used in California
-### Important distinction
-- **Deed** → transfers ownership (title)
-- **Mortgage / Deed of Trust** → creates a **lien**, not ownership