Q:

What is a deed?

A:

Quick Answer

Reference.com states that a deed is a legally binding written document in which one person transfers property to another. There are certain formalities that must be performed in order for a deed to be valid, such as having a deed formally delivered and having it acknowledged by an authorized commissioner.

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Full Answer

About.com states that there are four major types of deeds: the general warranty deed, the special warranty deed, the bargain and sale deed and the quitclaim deed. Each deed provides different levels of protection for the buyer, with the general warranty deed providing the highest levels of protection and the quitclaim providing the least.

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