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A property deed is used to transfer ownership of property to another party.

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Property Deed: What Is It?

A property deed is used to transfer ownership of property to another party. The document will be used in the home buying process. By signing this form, the property will be conveyed from the grantor or seller to the grantee or buyer. Requirements for this document may vary from state to state.

All property deeds must be written in order to be official. A verbal agreement is not sufficient. Only parties who are mentally competent can complete the form. If the property is owned by more than one person, all parties involved must provide their information and sign the form.

Typical information required includes full name, current address, and contact information. There will also be a section for property information, which can include address, current value, and type of dwelling. The final section should include financial information and the terms of the sale. 


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Property Deed

A property deed enables a person to give or sell their interest in property to another person. A property deed must meet certain legal elements for your state. Then, the property deed should be placed on file with the county register.

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Quit Claim Deed

A quit claim deed is a fast way for one person to give their interest in property to another person. Every state has legal elements that must be included in a quit claim deed in order for it to be valid.

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Contract for Deed

A contract for deed is a real estate contract involving the purchase of a house. With a contract for deed, the buyer is able to take immediate possession, but they will not receive the deed until the loan is paid off.

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Promissory Note

A promissory note is a promise to pay back a loan. Promissory notes generally list the amount of money that was loaned, a promise to pay, the amount of the payments, and when each payment is due. It is then signed and dated by the person who is obligated to pay back the loan.

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