Mortgage Knowledge Base 
Mortgage Glossary Deed
Deed
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Deed as a security device plays a very important role in real estate purchase. It is an instrument that transfers ownership. Deed serves an important part in securing a note and offering protection to the lender. It is an effective tool to settle the mortgage foreclosure case. A deed, although absolute on its face, when given as security for payment of a debt, is in actuality a mortgage. Sometimes it is also known as title document. There are several different types of Deeds. They are as following:
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