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Deed

A Deed is a written document that transfers ownership of property from one entity to another.  In the case of real estate, a deed is used to transfer the certificate of title.  When a mortgage is paid in full, a deed transfers complete ownership from the lending institution to the borrower.

In addition, a deed can take many specialized forms:

  • Sheriff's Deed - A deed given to a property owner as a result of a sheriff's sale.
  • Master Deed - A deed used to describe land associated with condominium complexes and other forms of shared or common property.
  • Tax Deed - A deed given to a purchaser of a tax lien.
 
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