From NAR
When buying a home, it's important to understand deeds and titles. The National Association of REALTORS® (NAR) has a helpful guide to make these concepts clearer.
Key Points:
- Deed vs. Title: A deed transfers ownership, while a title shows your legal right to the property.
- Types of Deeds: Warranty deeds offer the most protection, while quitclaim deeds offer the least.
- Title Search: Makes sure there are no legal issues, like liens, with the property.
- Title Insurance: Protects you from future disputes over ownership.
Knowing these basics helps ensure a smoother and safer home-buying process. For more details, check out NAR's Consumer Guide to Deeds and Titles.
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