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Copyright © 2006 by Bob Schwartz San Diego real estate broker Certified Residential Specialist
Promotions Unlimited All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. | | Home Ownership Papers: Titles and DeedsComparable to many other kinds of investments, the major thing that you will want to show at the end of the process is a piece of paper. This is the same concept with real estate. The type of paper that you will want to hold at the end of the loan is either a title or a deed. This will allow you to show the locality that live in that you own the house and have paid off your loan.
A title is a paper or verification that you own the property or home that you have been paying off. It can also mean that while someone else is on the property or land, an owner has the legal rights that are part of the property. When you have a title as a piece of documentation, it will usually be matched in the records of the locality that you are at as well as by the one who has sold the property.
A deed is a comparable type of record that will be used in the process of gaining a title. Often times, those who are investing in real estate will receive a deed as a transaction paper to the title. This shows that the person who will be getting the property has the right to the title as well as the right to the property. Usually, there will be several legal factors and regulations that are bound to this type of documentation in order to make sure that the transaction is fair.
When you are ready to receive a title or a deed for a home or piece of property, there are several steps you will have to take. First, a proof of insurance will have to be shown. You will also need copies that prove that you bought the house. The person who is selling you the home or property will also have to have these proofs for purchase. This includes a purchase agreement, invoices, receipts from the mortgage and proof of satisfaction that the one who is buying the property has met all of the requirements for purchase of the property.
The only remaining step to making your home completely yours is to certify that you have the title or deed in your hand. By understanding the process of getting a title, and making sure that you walk into the final closing ready to make the exchange, you can own the piece of property that you have been working towards. 
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