What Type of Deed Should I Use: General, Special, or Quit Claim Deed?
Differences between the Deeds General Warranty Deed A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the...
Should I Use a Mortgage or a Deed of Trust?
Whether you should use a mortgage agreement or a deed of trust when buying a house depends on which state the property is located in. In both documents, the home loan borrower promises to hand over the title to the property to the lender if...
How to Create Your Own Deed of Trust
When considering the question "can I write my own deed of trust," it is important to understand the legal structure and parties involved in a trust deed. A trust deed is a legal document used in real estate transactions to secure a loan by transferring
6 Ways to Defend Against Foreclosure on a Mortgage
When property is put in foreclosure, it means that the borrower is in default under the terms of the home loan and the lender is retaking title to the property. In states that allow use of a mortgage agreement, as opposed to a deed of trust,...
6 Ways to Defend Against Foreclosure on a Deed of Trust
Foreclosure is the process by which a lender retakes real estate when a borrower defaults on a home loan. In states that allow the use of a deed of trust as opposed to a mortgage agreement, most homes are foreclosed through a process called...
What You Need to Know about Deeds and Property Transfer
Real estate in the United States has a long history of being extremely valuable. Owning land was only for the wealthiest individuals in the early years of U.S. history. Unlike property that can move (possession is nine-tenths of the law after...
Understanding When and How to Use a Deed of Trust
When buying real estate with borrowed money, or financing the sale of real estate you own, a deed of trust may be one of the required documents you will sign at closing. What Is a Deed of Trust? A deed of trust is a legal document that is the...
5 Important Facts about Quit Claim Deeds
Deeds are legal instruments used to transfer real estate, and almost everyone will encounter a deed of some sort at one time or another. There are three main types of deeds: General warranty deeds Special warranty deeds Quit claim deeds The...
Right of Survivorship: Everything You Need to Know
There are many things you should consider when you are purchasing property with another person. One of these things is called the right of survivorship. Right of survivorship can impact what happens to a property if one of the owners passes away before the other one. It is important to understand how this right works and how it can impact various fa