Property given and accepted as a grant to the public.
Deed
The document that, when recorded with your local government, determines ownership of a property. Transferred from seller to buyer at closing.
Deed covenant
Any of a number of types of covenants agreeing to do or not to do something that is attached to the title and passes from one owner to the next such as architectural style or type of material.
Deed description
Property description contained in a deed.
Deed in lieu of foreclosure
Legal document conveying property to the lender after the borrower defaults on his/her mortgage payment.
Deed of confirmation
Often referred to as a correction deed, it is used to rectify errors made in a previous deed.
Deed of release
The deed, which releases property or a portion of it, upon satisfaction of a mortgage or other debt.
Deed of trust
Document giving the lender the right to foreclose on a piece of property if the borrower defaults on the loan.
Deed recording fee
Fee charged by the government to enter into the public record the deed and documents relative to the transfer of title to a piece of property.
Deed restrictions
Written statements in a deed which outline the limits of use of a property. Restrictions that are imposed against the race, sex, nationality, color or creed of a person are illegal.
