Home Selling in Atlanta>Question Details

Terrell, Home Seller in Atlanta, GA

Im new to real estate and have questions about the property title. What is it purpose and who drafts it?

Asked by Terrell, Atlanta, GA Sat Jun 28, 2008

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Terrell,

I like to think of the word "title" as part of the word "entitlement." That make sense?

realtyU.com has a great dictionary for real estate terms (see web reference) - here's their definition:

"The indicator of the "fee" position of the lawful owner and his or her rights to the property and its "bundle of rights" and combines of all elements constituting proof of ownership."

Bill Wills answer is 100% accurate for Georgia property transfers.
0 votes Thank Flag Link Sat Jun 28, 2008
In Georgia the closing attorney handles passing clear title from the Seller to the Buyer.
Title is a document showing ownership and is recorded in public records by the closing attorney.
0 votes Thank Flag Link Sat Jun 28, 2008
Terrell,

The title to the property is much like the title to the car. It is the document that shows ownership to the property. There are many different ways to take title and the terminology varies from state to state. Ultimately the document will be drafted by a title or escrow company or it can also be drafted by an attorney. I hope that helps. Good luck with the sale of your home.

Cameron Piper
Web Reference: http://www.campiper.com
0 votes Thank Flag Link Sat Jun 28, 2008
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