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A deed is a signed legal document that transfers the title of an asset to a new holder, granting them the privilege of ownership.
Special Warranty Deed Definition
A special warranty deed only warrants against problems in the property title that occurred during ownership of the property.
Warranty Deed Defintion
A warranty deed is a transfer of title where the seller pledges to the buyer that the property is owned free and clear of all liens.
Deed in Lieu of Foreclosure
Deed in lieu of foreclosure is an action by a mortgagor by which they deed the collateral property back to the lender to avoid foreclosure.
Deed of Release Definition
A deed of release is a legal document that removes a previous claim on an asset or provides documentation of release from a contract in a binding agreement.
Quitclaim Deed Definition
A quitclaim deed releases a person's interest in a property without stating the nature of the person's interest or rights, and with no warranties of ownership.
Grant Deed Definition
A grant deed is a legal document used to transfer ownership of real property.
Tax Deed Definition
A tax deed is a legal document granting ownership of a property to a government body when the property owner falls into arrears on property taxes.
Deed of Surrender
A deed of surrender is a legal document that transfers property ownership and allows a party to relinquish any claims they held to it.
Trust Deed Definition
In financed real estate transactions, trust deeds transfer the legal title of a property to a third party, such as a bank, escrow, or title company, to hold until the borrower repays their debt to the lender.