what is a deed to a house

1 year ago 33
Nature

A deed to a house is a legal document that transfers the ownership of a property from one party to another. It is a written document that is typically drawn up by a real estate attorney and must be signed by both parties. The deed contains a description of the property, including property lines, and denotes the grantor (seller) and grantee (buyer) . A deed must be recorded in the local courthouse to make it fully binding. A deed is different from a title, which refers to the ownership rights attached to the property. While a title is a concept used to discuss ownership of a home, a deed is a physical document proving the ownership. A title search is typically performed by the settlement agent to show the chain of title is clean and clear of all liens. A deed is an important legal document that transfers the title, or ownership, of a property from one party to another.