The Difference Between a Deed and a Title
Many homebuyers and sellers are overwhelmed not only by the process of buying and selling a home, but also by the terms and legal jargon involved. From escrows and encroachments to deeds, titles, and adverse possession, it’s easy to be confused.
Title Partners of South Florida serves Broward County, Miami-Dade County, and Palm Beach County with the best title search and home closing services. Our mission is to create a memorable and easy closing experience for you and for real estate agents. Below, we’ll explore the difference between a deed and a title. Contact us today to get started!
DIFFERENCE BETWEEN A TITLE AND A DEED
A deed and a title are closely related but not the same.
A title states legal ownership of something. A title is a shortened form or “entitle,” so you have ownership over something else. Titles can be held by one person, more than one person, or by legal entities, such as corporations or organizations.
A deed transfers a title legally. Thus, when you sign a deed, you are explicitly saying that you are giving ownership of your property to someone else. In this case, you are the grantor, and you are transferring property to the grantee.
One crucial difference between a title and a deed is that a deed is a legal document that has to be recorded in order to be validated. Thus, deeds are public records held at the courthouse. Thus, a title is more abstract; whereas, a deed is concrete that you can hold in your hand.
A title search is conducted where the public records are searched in order to verify that the seller has the legal right to sell the property. Once a clean title is determined, a deed will be drawn up, which will be signed at closing by the seller, legally transferring the property to the buyer. This will then be recorded, cementing the property sale legally.
WHY CHOOSE OUR SOUTH FLORIDA TITLE COMPANY
Title Partners of South Florida is a title search company that is dedicated to making the home closing process for buyers, sellers, and real estate agents easy and memorable. If you’re a real estate agent, we offer a great platform where your clients’ real estate closing documents are available online to be accessed at any time, and our system sends targeted marketing emails with your information so you can keep in contact with your clients. To learn more about our title company for home purchases, contact us today to get started!