The term title has three meanings.
- Title is a way of referring to ownership; it is not an actual printed piece of paper.
- Title to real estate means the right to ownership or actual ownership of the land; it represents the owner’s bundle of rights.
- Title also serves as evidence of that ownership of real estate. This is indicated by a deed, or a piece of paper. A person who holds the title would, if challenged in court, be able to recover or retain ownership or possession of a parcel of real estate by providing the court with a copy of his or her deed.
Real Estate is transferred when the owner passes a deed to the new owner. It must be recorded to give public notice of new ownership.
