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<\/a><\/p>\nUsed by itself, it usually refers to a document transferring title to real estate. There are different types of such deeds. For example, it may be a Grant Deed, a Quit Claim Deed, a Warranty Deed, or a Trust Transfer Deed.<\/p>\n
In California, Grant Deed and Warranty Deed are essentially the same, and they signify that title is being transferred along with certain warranties about the validity of title held by the transferor.<\/p>\n
A Quit Claim Deed, on the other hand, is a document that transfers title while limiting the warranties that the transferor makes as to the validity of title.<\/p>\n
A Trust Transfer Deed is a document that transfers title of a property to a trust. When in the estate planning process a trust is set up, it is necessary to transfer any real estate that the planners own to the trust, and this is done by a Trust Transfer Deed.<\/p>\n
Any or all of these documents are often confused with each other and with a Deed of Trust, which is a much different document. In California, a Deed of Trust is a mortgage. It is a document that the lender records not to transfer ownership but to provide security for a real estate loan. When the borrower is in default, the Deed of Trust gives the lender the right to foreclose on the property.<\/p>\n
These different uses of the word \u201cdeed\u201d are often mixed up, but the above definitions will help to avoid such confusion.<\/p>\n
\u201cGreat acts are made up of small deeds.\u201d Lao Tzu In the legal world, the word \u201cdeed\u201d is confusing. Used by itself, it usually refers to a document transferring title to real estate. There are different types of such … Continue reading ![\"Creative](\"http:\/\/www.rbillingslaw.com\/blog\/wp-content\/plugins\/photo-dropper\/images\/cc.png\")
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