Grant Deeds and Warranty Deeds Are Two Types of Property Deeds

If you asked most home owners where they kept their warranty deed or grant deed, they'd probably look at you funny. The truth is, nobody even thinks about property deeds until one needs to find a deed or sign a deed.

And when would that be, you ask? How about when you want to change the title on your house? When I married, I called my local title company and asked them to draw up a new deed reflecting my married name. I was charged $25, which included the notary fee, even though the going rate was $125. I got the break on price because I argued it took 3 minutes to draw up a deed and offered to record it myself. But why would I change title? Because then the tax bills would come in my married name, no other reason, because it's certainly not legally required.

I'm confident, however, that you will have better reasons to learn more about property deeds such as warranty deeds, grant deeds or quitclaim deeds than simply wanting to see property tax bills printed with a different name . . . read more about Property Deeds.

More Articles by Elizabeth Weintraub:

• Reasons to Purchase a Policy of Title Insurance
  
• How to Deduct Home Losses from Your Taxes
  
• Hot and Cold Real Estate Markets

_{©Big Stock Photo}

Technorati tag: property deeds

_{At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.}