Differences between Deeds and Titles

These two terms are used interchangeably. However, there is a significant difference that must be understood when purchasing a home.

A “Deed” is a legal document used to convey or confirm the ownership rights to a property whereas “Title” is a legitimate way of saying you have ownership of the property. Thus, the Title is not a physical document but a concept that means you have the right to use the property.

After you purchase a property, you will receive the Deed a document that proves you own the property. The Deed is an official document that says you have a title in the real estate.

The lender will normally perform a title search to ensure that you legally own the property. This ensures that the seller has the legal right to transfer ownership of the property to you. If no liens then at closing the seller will transfer the Title to you and you become the legitimate owner of the property.

You will get a notification a few weeks after the sale that your Title has been recorded. At this point, you have a deed and Title to the real estate and the property is yours.