A deed is the legal instrument that transfers the ownership interest in a piece of real estate from one party to another. Once signed and notarized, it is recorded in the Clerk's office of the jurisdiction where the property is located. It remains of record as a permanent piece in the chain of title.
There are several different ways in which to hold title to real estate. Much will depend on whether you will hold title alone or with another party. It is also possible to hold title as a corporate entity or trust. A description of various methods will be given and discussed with you when the time comes to make that decision.
Your lender will require a deed of trust if you intend to mortgage your property. A deed of trust is the creation of a lien against your real estate and is recorded immediately behind your deed.
