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Registered land is land that is part of a system for registering title to land. Generally, this type of land is governed by state law, and title is guaranteed by the Commonwealth.
In Massachusetts, most title searches are done by a real estate attorney, and closing must involve attorneys, but in other states, it is common for a title company to conduct the title search on behalf of the buyer.
Once ownership is transferred at closing, the certificate of title is proof of property ownership. It lays out any liens, easements and other claims against the title. The document includes information such as: The name of the owners or title holder.
In Massachusetts real estate transactions, a seller should be able to transfer good, clear, and marketable title to a buyer. Clear and marketable title means that there are no defects, encumbrances, liens, or the possibility of litigation associated with the property.
A deed is the actual legal document that would transfer the ownership (title) of a property from one person to another. A deed is signed by the person selling or transferring the property rights, called the grantor. The person purchasing or taking possession of the property rights is called the grantee.
With a basic or standard owner's title insurance policy, the homeowner is covered in the following cases: Third-party claims to the title of the property. Mistakes in the public record. Any forgery, fraud, or duress.
Expert-Verified Answer. An attorney title opinion is a statement of opinion on the status of the property's title, based on the abstract of title. It is a legal document that is prepared by an attorney, and it provides an assessment of the risks associated with a particular property's title.
How long does it take to get a title report in MA? The process of a property search generally takes up to 48 business hours, however, if you select our expedite service, it could be completed in as few as four hours.