Differences

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

--- deeds [2025/12/13 14:06] – reidjs
+++ deeds [2025/12/13 14:39] (current) – reidjs
@@ Line 1: / Line 1: @@
-====== 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