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Term Definition
Deed
- a written, legal instrument that conveys an estate or interest in real property when it is executed and delivered.
Application in Divorce
Married partners normally hold a fee simple deed to the
party
as a result of the divorce, this title is completely marketable and can easily be insured by a title company.
There are numerous types of deeds, conveying rights to the owner.
See also
Warranty Deed
.
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