A deed is the document that transfers ownership of real estate. They contain the name of new and old owners and a legal description of the property. A deed is signed by the person transferring the property.
Types of Deeds
- Quitclaim deeds: A quitclaim deed transfers whatever ownership interest a person has in property. Quitclaim deeds are commonly used by divorcing couples.
- Grant deeds: A grant deed transfers ownership and implies certain promises – that the title hasn’t already been transferred to someone else or been encumbered, except as set out in the deed.
- Warranty deeds: A warrant