When purchasing real estate property, the terms deed and title often are used interchangeably. However, the meaning between a deed and a title are entirely different. Understanding the difference can help you navigate real estate purchases and why you need to distinguish the difference.
What’s in a title?
A title can be thought of as a set of rights conferred to a person. In real estate, a title can be held by an individual, partnership, multiple people, corporations, or an entity who has legal rights. The sets of rights declared in a title can govern how a piece…
