What types of documents are used to transfer title to real property?
When transferring title to real estate in Massachusetts, several documents may be necessary. The first document is a deed. This is a legal document that conveys the title of a property from the seller to the buyer. It needs to be signed, notarized, and recorded with the local government. The second document is a deed of trust or mortgage. This is a loan document that the seller gives to the buyer to guarantee that the buyer will pay for the property. It is also signed, notarized, and recorded. The third document is a deed of trust or mortgage release. This document shows that the buyer has paid off the loan and is now the sole owner of the property. It also must be signed, notarized, and recorded. Finally, the fourth document is a deed of quitclaim. This document transfers the ownership of a property from one party to another without any warranties or guarantees. It is also signed, notarized, and recorded. By using all of these documents, the seller can transfer ownership of the property to the buyer and the buyer can protect their investment. All documents must be filed with the local government in order to be legally binding.
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