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Titling and deeds in Missouri and Illinois are a central part of real estate transfers and transactions of residential and commercial property. It is critical to make sure you understand what they are, how they differ, and the roles they carry with regard to ownership rights. Being informed is the best way to make smart real estate decisions.
Titles & Deeds
While holding title and a deed to property may seem like the same thing, they are actually two different legal concepts.
Titles are the concept that you have ownership rights to a specific property. How you take title matters when there is more than one person taking title because it impacts your rights when you want to sell it or transfer it to another person if something happens to you.
Deeds are the physical evidence of who has title to what specific property, but there’s more than one type of deed. Some deeds provide warranties while others do not.
A Lawyer In Your Corner
Having a property law attorney on your side will ensure your transaction goes smoothly, disputes are avoided, and the transaction complies with all related laws. It will also ensure you take title in the manner that best suits you and that the appropriate deed is timely recorded.
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