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  2. Real estate transaction - Wikipedia

    en.wikipedia.org/wiki/Real_estate_transaction

    The sale of a house in the United States or Canada might involve some or all of the following steps: Hiring of a real estate broker the seller and handle the logistics of the advertising and sale, except for "for sale by owner" properties where the owner(s) may consult legal counsel or obtain copies of a real estate contract.

  3. Land contract - Wikipedia

    en.wikipedia.org/wiki/Land_contract

    In 2015, Texas law was changed to automatically place the legal title to the property with the buyer by filing the contract with the deed records office of the county where the property is located. While the seller loses title, the seller retains a vendor's lien in the property for the outstanding balance of the contract. [3]

  4. Quitclaim - Wikipedia

    en.wikipedia.org/wiki/Quitclaim

    A quitclaim deed may also be used to transfer title of a property to a purchaser following a foreclosure auction. Typically such a deed will not warrant that the property title is free and clear, and it remains up to the grantee to check that the property is not subject to any legal encumbrances. [11]

  5. Unlock the Power of a Transfer on Death Deed: How It Works - AOL

    www.aol.com/transfer-death-tod-deed-2023...

    A TOD deed can be used to transfer real estate property to others after you pass away. Because a TOD deed bypasses probate, it can simplify the inheritance process and reduce costs for your loved ...

  6. Title (property) - Wikipedia

    en.wikipedia.org/wiki/Title_(property)

    Properties that are sold on the basis of equitable title have a legal chain of title intact, and a recorded transfer with the local municipality. Legal title is actual ownership of the property as when the property has been bought, the seller paid in full and a deed or title is properly recorded. Equitable title separates from legal title upon ...

  7. Grant deed - Wikipedia

    en.wikipedia.org/wiki/Grant_deed

    Understanding liens and encumbrances is important in real estate transactions. Grant deeds play a pivotal role in providing transparency about these potential obstacles and safeguarding the interests of both buyers and sellers. [1] The types of deeds that are now used to transfer real property are a relatively modern invention.

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