Unrecorded Deed

AAA

DEFINITION of 'Unrecorded Deed'

A deed for a tangible piece of property that is not filed with the appropriate governing body. The deed will transfer ownership of the property from one party to another. The seller of the deed is known as the grantor, and the recipient of the deed is known as the grantee.

INVESTOPEDIA EXPLAINS 'Unrecorded Deed'

When dealing in real estate and other property-related transactions, it is always important to protect your investment. Under most insurance policies, an unrecorded deed does not entitle the holder to coverage.

If you have an unrecorded deed, it is advisable that you contact an attorney as soon as possible, as it may not legally entitle you to the property you currently believe you own.

RELATED TERMS
  1. Deed Of Reconveyance

    A document issued by a mortgage holder indicating that the borrower ...
  2. Deed

    A legal document that grants the bearer a right or privilege, ...
  3. Like-Kind Property

    Any two assets or properties that are considered to be the same ...
  4. Personal Property

    A type of property which, in its most general definition, can ...
  5. Real Estate

    Land plus anything permanently fixed to it, including buildings, ...
  6. Property

    1. Anything over which a person or business has legal title. ...
Related Articles
  1. Protecting Your Financial Documents ...
    Home & Auto

    Protecting Your Financial Documents ...

  2. Tax Deductions For Rental Property Owners
    Taxes

    Tax Deductions For Rental Property Owners

  3. Avoid Capital Gains Tax On Your Home ...
    Taxes

    Avoid Capital Gains Tax On Your Home ...

  4. Saving Your Home From Foreclosure
    Options & Futures

    Saving Your Home From Foreclosure

comments powered by Disqus
Hot Definitions
  1. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  2. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  3. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  4. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  5. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  6. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
Trading Center