A deed is a written document that transfers legal 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 home is purchased, a deed transfers ownership to the buyer and lending institution if a mortgage is used to finance the purchase. When a mortgage is paid in full, a deed transfers complete ownership from the lending institution to the borrower.
A deed can take several specialized forms:
The Recorder of Deeds is a government office responsible for maintaining public records such as real estate transactions. In the United States, the Recorder of Deeds is typically a county official or the equivalent.