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All you need to know is that any time you make a change in your real estate status, you need a real estate deed of one type or the other for the transaction to be valid. Deeds are needed even if you are not buying or selling property. If you add or delete a name from the title, you need a new deed. However, you cannot just delete a name from a deed without that persons permission. They have to agree to be removed from the deed, sign the deed, and have their signature notarized.
Regardless of the type of property deed, it becomes part of the public records, and property records remain attached to the real estate as a historical document showing who has owned it over time. Any time you transfer title, a new property deed must be officially recorded.
Deed forms are the essential legal document used to transfer real property. Among the words pertinent to a deed are property, grant, assign, warrant, and convey. Just as professions each have their own language, so do business transactions. Real estate is just another word for property, and it has its own language as well. Buyers and sellers become grantors and grantees. Each property transaction requires a real estate deed document.
If a family member wants to transfer property to another member of the family, a gift deed might be needed. This assures the grantee that the property is his or hers even if no money has exchanged hands.
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