Deed vs Title: What's the Difference?

Question 1

What is Title?

Answer 1

The legal way of saying you own a right to something for example ownership of a home.

Question 2

What is the abstract of title?

Answer 2

When a sale contract is authorized, an abstract of title is generated that shows everything that has been recorded about that property at the county courthouse.

Question 3

What is a Deed?

Answer 3

Physical legal documents. The deed is the buyer’s guarantee that the seller actually owns the property free and clear with no liens, encumbrances, easements, or clouds on the title.

Question 4

What is general warranty deed?

Answer 4

Most commonly used in traditional home sales and provides the most protection for people buying your home.

Question 5

What is special warranty deed?

Answer 5

A special warranty deed is similar to general warranty deed with one exception: it only promises a clear title for the time you’ve owned the home.

Question 6

What is a grant deed?

Answer 6

Shows that you have clear title to sell and no knowledge of anything that might impact the title.

Question 7

What is quitclaim deed?

Answer 7

Offers the least amount of protection for a buyer of your home.

Question 8

What is bargain and dale deed?

Answer 8

If your home is being sold in a tax sale or foreclosure, the property may be sold with a bargain and sale deed.