Just the Facts: Deeds
While deeds aren't necessarily the most fun topic to cover, they're an important document that helps to protect and prove your ownership rights to the property. As such, understanding the different types of deeds involved in real estate can be of great benefit to you. As the best title agency at the Lake of the Ozarks , Arrowhead Title is here to give you the facts on deeds and what each covers. Trust-Held Deeds Trusts are complicated if you don't understand the language. So, we'll start with some terminology first. Trustee: The party administering the trust on behalf of the trustor Beneficiary: Benefits from the trust Trustor: The creator of the trust (aka: the Grantor) Deeds of Trust transfer the title to the trustee from the trustor. These are required on mortgage loans at the Lake of the Ozarks. Reconveyance Deeds transfers the title back to the trustor once loan obligations are met (paid off). Trustee's Deeds transfer the title to someone other than the trust...