Deed of Record

What is a Deed of Record?

To make a document (Record) available to the public

Your home’s purchase is official the moment that you record the deed at the county courthouse. Usually, the title company or escrow agent is responsible for recording the deed and you will be responsible for a small fee. If you wanted to do a little investigating into the former owners of your home, you could go to the county clerk’s office and check the files - this list of owners is called the chain of title.

Any claims on your home, including a mortgage and liens for unpaid debts, are also recorded there. The county clerk who records a deed can be called the county recorder or the registrar of deeds.
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Auctioneers Seeking Buyers of Foreclosed Properties
Another foreclosure record was set in November as 1,336 properties were offered to the highest bidder on the courthouse steps in Modesto, Merced and Stockton.

Title

Ownership of a property.

If you have title to a property, that means you have the right to own it.

Sometimes title can refer to the documents, such as a deed, which proves you own a property. Title documents are on public record at the county courthouse.

See: Deed

Real property

Land and anything permanently attached to it

Your home, your backyard, and even your roses planted in the yard are examples of real property. Real property can not be moved or taken away without lawful permission. If you want togive or sell someone real property, you must use a document called a deed.

Quitclaim deed

A document that can be used to both transfer ownership of property and to release a person’s claim on a property

Out of all the deeds used to exchange ownership of a home, quitclaim deeds are used the least since they do not give buyers a firm assurance that the seller is the home’s legal owner. Quitclaim deeds are usually used to clear up a variety of simple ownership (title) issues.

For example, Mr. and Mrs. Jones buy a home together, but 10 years later Mrs. Jones wants to separate and wants nothing to do with the property. She just has to sign a quitclaim deed to release her claim on the property.

Grantee

A term for a person who becomes the new owner of a property

When you buy a home, you become the grantee when you receive a property’s deed, signaling that you are the new owner. If you use decide to add a family member or spouse onto your property’s title, they also become grantees.

Deed

A legal document that transfers ownership/title of a property

Whoever holds the deed on a home is the legal owner (or holds title). Before the closing date, however, the lender requires a title search to prove that the seller really owns the property you are about to buy. You receive the original deed in the mail after it is recorded at the county courthouse. You need to make sure this happens since it is proof that you own the home. A grant deed is the most common type of deed used to transfer title.

Deed of Trust states: Alaska, Arizona, California, Missouri, Nevada, North Carolina, Virginia, and Washington DC.

Mortgage States: Alabama, Arkansas, Connecticut, Delaware, Florida, Hawaii, Indiana, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Vermont, Wisconsin

States that use both deeds of trust and mortgages:** Colorado, Idaho, Illinois, Iowa, Maryland, Montana, Nebraska, Oklahoma, Oregon, Tennessee, Texas, Utah, Wyoming, Washington, West Virginia * Georgia uses a security deed** Custom dictates which document is used.

See: Deed of Trust