Warranty Deed Vs Grant Deed In Massachusetts

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Multi-State
Control #:
US-00186
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Word; 
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Description

This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.

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FAQ

A grant deed is a legal document used in real estate transactions that transfers property ownership from one party (the grantor) to another (the grantee). It specifies the parties' names, a legal description of the property, and any relevant conditions or covenants associated with the transfer.

There are three kinds of deeds used for real estate transactions in Massachusetts: warranty deeds, release deeds, and quitclaim deeds. Each offers different types of protection and guarantees against any defects in the title that is being transferred in the transaction.

A quitclaim deed is a legal document that transfers property from one person (the grantor) to another (the grantee). It does not guarantee the grantor's ownership rights. Unlike warranty deeds, it doesn't promise anything about the property's title or the grantor's rights.

Warranty Deeds offer the highest level of protection by guaranteeing the quality of the title even before the grantor took ownership. While Quitclaim Deeds offer protection for the period that the grantor owned the property being sold. And lastly, Release Deeds offer absolutely no assurances to the buyer at all.

There are three types of real estate deeds in Massachusetts: release deeds, quitclaim deeds, and warranty deeds.

More info

The main difference between a grant deed vs. Warranty deed is the level of protection offered.In Massachusetts, there are primarily three types of deeds that are used in all transactions: Release Deeds, Quitclaim Deeds, and Warranty Deeds. The warranty deed is similar to the quitclaim deed, but there are a couple of differences. When you're selling or buying a property, it's better to use either general or special warranty deed depending upon the type of guarantee you're looking for. Special warranty deeds are similar to quitclaim deeds in that they only transfer the current owner's interest in the property without guaranteeing the title. Grant deeds are considered better than quitclaim deeds , but less desirable than general warranty deeds . In Massachusetts, a warranty deed generally offers the greatest protection to someone purchasing or receiving the title to a piece of real estate (the grantee). A grant deed transfers the right, title, and interest in real estate from the grantor (seller) to the grantee (buyer). Grant deed are very similar to warranty deeds.

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Warranty Deed Vs Grant Deed In Massachusetts