What is the difference in my note, my mortgage, and my deed in Alabama?


When we’re dealing with homes, several words get tossed around.

Sometimes it it gets confusing.

In this article, we’re going to explain the difference between the note, the mortgage, and the deed in Alabama. 

Generally when these terms are brought up, it’s in the context of a foreclosure.

The note is the debt.

So it might say something like, “$200,000 at 6% interest for 30 years.”

Then it will explain how much you pay every month.

The mortgage ties the “debt to the dirt.”

The mortgage is what ties the debt to the property.

It makes the note (debt) a secured one, instead of an unsecured debt.

This is the reason that mortgage companies are willing to give us a loan.

They can feel secure that they can take our house through foreclosure if we don’t pay them back on time.

The deed is ownership.

There are different types of deeds.

It may be a warranty deed, or a quit claim deed.

A quit claim deed is basically where it says, “I don’t promise that I have complete ownership, but whatever I do have I’m giving to you.”

Contact Us.

If you live in Alabama and you have any questions, you can reach us by phone at 1-205-879-2447.

Or you can fill out a contact form here and we will get in touch with you as soon as possible.

If you’re facing a foreclosure, we have some free resources to help you.

You can go to ForeclosureDVD.com, where we explain the steps of foreclosure.

It’s an extensive course, about 2 and a half hours, that includes a 20 page workbook.

This will give you some insight into foreclosure.

If you’d like more information on RESPA, which is  federal law concerning foreclosures, you can visit RESPAVideo.com.

This will explain how you can use the letters you can send under RESPA, and how those letters can help you.

I look forward to chatting with you!

Have a great day.

-John G. Watts

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