7 Takeaways: What is a Deed?
Many folks ask what is a deed at some point during the real estate transaction or even during a Real Estate Agents time at real estate school.
Those who are new to the real estate industry and/or are closing a transaction for the first time are often confused by the terms and jargon used in the real estate transaction process. "Deed" and "title" are two terms commonly used in the real estate industry that are often mixed up. However, despite deed and title commonly being used interchangeably, they are two very different concepts and should not be confused, as they refer to different aspects of the transaction process.
1. What is a Deed?
A property deed is a legal document used when transferring property…