In residential real estate terms, a deed is a document that proves the transfer of a title of a specific property from one individual to another. If you are a first-time homebuyer, there are many legal terms with which you may not be familiar. To ensure you have access to the legal support and assistance you need during your real estate transaction, work with an experienced Naperville real estate lawyer.
Unfortunately, real estate transactions rarely go as smoothly as one would hope.īoundary disputes, hidden defects, easements, encroachments, and countless other issues can arise that threaten to derail your chances of a successful transaction. Whether it is a residential property or a commercial property, real estate transactions are loaded with complicated language and complex legal paperwork. If you are planning to buy or sell real estate, make sure you fully understand your rights and responsibilities. On the other hand, a deed is a physical document that shows proof of ownership. One or more parties may hold the title to a real estate property. Essentially, having the title to a home gives you legal authority over the home. In this popular blog, we explain the difference between a title and a deed. One of the most frustrating aspects of a real estate transaction is interpreting legalese and real estate jargon.
Originally Published on March 31, 2021- Updated May 24, 2023
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