Put Deed For Free

It is possible to be named on the title deed of a home without being on the mortgage. However, doing so assumes risks of ownership because the title is not free and clear of liens and possible other encumbrances. Free and clear means that no one else has rights to the title above the owner.

The title or deed to a piece of property, whether it be land or vehicle, is the most basic form of proof of ownership. Deeds should be recorded with the county where the property is located.

The person whose name is on the deed has the title to the property. It doesn't matter whether the property was transferred by purchase, inheritance or gift. It's the deed that transfers title. The title deed has the property's legal description, including property or boundary lines.

3 Disadvantages of Quitclaim DeedsNo guarantees to the new owner: Unlike a warranty deed, a quitclaim deed does not guarantee that a property is free from title defects such as tax liens or title claims from third parties.

A deed that conveys an interest in your real estate ownership (adds someone on) has the legal effect of giving that additional person the same bundle of rights to which you are entitled. Once the conveyance happens, it cannot be undone except with that other additional owner's consent.

A deed is an official written document declaring a person's legal ownership of a property, while a title refers to the concept of ownership rights.

Deed is Evidence of Title It means an ownership interest. If you hold title, it simply means you own an interest in a property. Note that you can sell an interest in the property and still have title if you don't sell your entire interest.