Title insurance deals primarily with files, recorded documents, and public records. One of the most common documents seen in a title insurance search or transaction is a deed. A deed is a written document that transfers real property title or interest from one party to another party. There are several types of deeds that are used to convey title. In this article, we are going to talk about the various types of deeds that pop up in title searches.
Quitclaim Deed
A quitclaim deed is typically utilized to release an estate or interest less than “fee” interest. This type of deed conveys the grantor’s interest in the property without representations of easements, encumbrances, and the like.
Grant Deed
A grant deed conveys the grantor’s current title, as well as any title that may be acquired by the grantor in the future. Grant deeds are the most common deeds used in the state of California.
Deed of Trust
Deeds of trust convey “dormant title” to land in order to secure debts or other obligations. These deeds can grant title to a person or company (who becomes the “trustee”). This trustee then has the power of sale in the event that the borrower defaults.
Commercial Title Experts
If you have questions about your title, or about deeds in general, don’t hesitate to reach out to a title insurance expert. At Commercial Partners Title Company, we pride ourselves on providing excellent service to each and every client. Our team consists of title closers, escrow agents, underwriters, and attorneys. With decades of experience, we are recognized across the country as experts in commercial real estate transactions. Contact us today at our downtown Minneapolis office to set up an appointment and speak with our commercial title experts.