All in Real Estate

The ease with which you can make changes to your living trust depends on what kind of trust you created. If you made an irrevocable trust, you'll have an uphill battle. You generally cannot amend an irrevocable trust except under rare circumstances and with the express permission of the court. If your trust is revocable, however, you can make changes any time you like.

The closing or settlement process marks the end of a real estate sale or loan transaction. The closing brings together all parties to the transaction whereby legal transfer of property takes place.

Property deeds are legal instruments that assign ownership of real estate and transfer title to land and its improvements such as a house. Words used to convey property transfer can include grant, assign, convey or warrant, but they basically all do the same thing: They transfer the interest of the person relinquishing or selling the house to the person who's buying or acquiring it.