Where Should I Keep The Deed To My House?

Does a deed mean you own the house?

When you own a home, you own both the deed and title for that property.

In real estate, title means you have ownership and a right to use the property.

The deed is the physical legal document that transfers ownership.

It shows who you bought your house from, and when you sell it, it shows who you sold it to..

Who keeps the original deed?

The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.

What’s the difference between a title and a deed?

A deed is an official written document declaring a person’s legal ownership of a property, while a title refers to the concept of ownership rights. Here’s a way to remember the difference: although you can own a physical copy of a book, you can’t hold a book’s title in your hand.

What makes a deed valid?

The basic requirements of a valid deed are (1) written instrument, (2) competent grantor, (3) identity of the grantee, (4) words of conveyance, (5) adequate description of the land, (6) consideration, (7) signature of grantor, (8) witnesses, and (9) delivery of the completed deed to the grantee.

How can I find out when my house was built in Ireland?

The title deeds for the property may be available from your solicitor, the Registry of Deeds in the King’s Inns building, Dublin 1, or possibly online from Land Registry (landregistry.ie). The deeds can offer information on when the site was originally sold or leased, previous owners and site dimensions.

What to do with house deeds when mortgage paid off?

When you pay off your mortgage you might be required to pay the mortgagee (the lender) a final fee to cover administration and the return of your deeds). At this time your deeds will be sent to you for safekeeping. You can either keep them safe or ask your bank or solicitors to hold them for you.

Where are house deeds kept in Ireland?

Kefron is one such company that offers a Safekeep service for the storage of House Deeds and other important documents in our purpose built Record Centres. Kefron will simply establish an account in your own name and, in return for a once off payment, will store the deeds for up to 3 years.

When you pay off your house do you get a deed?

When you pay off your loan and you have a mortgage, the lender will send you — or the local recorder of deeds or office that handles the filing of real estate documents — a release of mortgage. This release of mortgage is recorded or filed and gives notice to the world that the lien is no more.

Can you sell a house if someone else is on the deed?

If a recorded deed contains only one name, that person is the legal owner and has full legal power to sell or will away the house or other real property, even if someone else has contributed to its purchase and holds a nonrecorded interest.

What is a deed of transfer Ireland?

An instrument (usually called a Deed of Transfer) is executed (signed, sealed or both) to transfer the premises to you. … An instrument (usually called a Stock Transfer Form) is executed to transfer them to you. You pay Stamp Duty on €10,000.

Who owns a property Ireland?

The System In theory, the main avenues to ascertain who owns a building or piece of land should be the Land Registry and the Registry of Deeds. Both of these services are under the umbrella of the Property Registration Authority of Ireland (PRAI).

Does the bank keep the deed to your house?

While you have a mortgage, the lender has rights to the property title until the loan is paid. If you buy a home without a mortgage, the real estate attorney or title company records the deed and issues a copy to you. … Most records offices have a form to complete such as a Title Deed Request.