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Deed: A deed is a written document that transfers ownership of land or other real estate from the owner, also known as the grantor, to the buyer, or grantee. The form a deed takes varies from plac . . . View Full Definition

Deed Of Reconveyance: A document used to transfer legal title from the trustee back to the borrower (trustor) after a debt secured by a deed of trust has been paid to the lender (beneficiary).

Deed Of Trust And Assignment Of Rents: The first page of a lending instrument, identifies the parties to the agreement, conveys title to the trustee, describes the collateral, states the terms and conditions of the note, and refe . . . View Full Definition

Deed Restrictions: Provisions placed in deeds to control future uses of the property.

Deed In Lieu Of Foreclosure: Voluntarily signing over to a lender the property pledged as collateral on a defaulted loan. It is an alternative to a foreclosure action. Its main disadvantage to a lender is that the deed . . . View Full Definition

Deed Executed Pursuant To Court Order: Executors and administrator deeds, masters deeds, sheriffs deeds and many other types are all deeds executed pursuant to a court order. These deeds are established by state.

Bargain And Sale Deed: A deed that carries with it no warranties against liens or other encumbrances but that does imply that the grantor has the right to convey title. The grantor may add warranties to the deed a . . . View Full Definition

Blanket Trust Deed: A trust deed secured by several properties or a number of lots. A blanket mortgage is often used to secure construction financing for proposed subdivisions or condominium development project . . . View Full Definition

Contract For Deed: The contract for deed is used extensively in many areas, where it may be called a land contract, agreement of sale, installment contract, articles of agreement, conditional sales contract, b . . . View Full Definition

General Warranty Deed: A deed in which the grantor fully warrants good clear title to the premises. Used in most real estate deed transfers, a general warranty deed offers the greatest protection of any deed.