Deed is a written instrument which, when properly executed and delivered by a competent party, transfers title to real estate.


Trust Deed


A deed for carrying out fiduciary purposes in which the real property is conveyed to a trustee in a land trust. The power to sell, lease, and mortgage the property are given to the trustee under the provision of the trust agreement.


Deed of Reconveyance


The document that transfers legal title from the trustee to the trustor (the borrower under a note and trust deed) after a trust deed debt has been paid in full.
Legally, the term deed refers to a formal document of special nature. Certain agreements are required by law to be made by deed in order for them to be valid e.g. a document to prove ownership of land.
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