Definition
A deed is a legal document that proves ownership of a property. It's the official record that you have title to the home.
Understanding the Role of a Deed
A deed becomes important when the home is officially yours at closing. It’s the document that shows you own the property. Think of it as the official receipt for your house. In simple terms, it lists who owns the property and describes the home. Example: If you buy a home for $200,000, the deed will state your name and describe the $200,000 property. It's not a loan document or a proof of loan payment. The deed is about ownership, not about mortgages or payments.
