What is the difference between a deed and a mortgage?

A deed and a mortgage are both legal documents that are related to property law in California. A deed is a document that conveys the legal ownership of land or property from one person to another. It is usually prepared by an experienced lawyer and states the full details of the transfer of ownership. On the other hand, a mortgage is a loan that the borrower takes out with the lender in order to purchase property. The borrower must agree to a set of conditions in order to borrow the money from the lender. The lender then holds a lien on the property as security until the loan is repaid. A borrower can also use their home as collateral to secure a loan. In summary, the primary difference between a deed and a mortgage is that a deed is a document that typically transfers property ownership from one person to another, while a mortgage is a loan taken out with a lender in order to purchase a property, with the property itself used as collateral.

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What is the difference between a deed and a mortgage?

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