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Video Guide on Massachusetts Warranty Deed management

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Commonly Asked Questions about Massachusetts Warranty Deed

It can be used to release a nominal real estate interest as it can effectively transfer whatever interest the grantor has, regardless of its value. However, a quitclaim deed cannot be used to warrant that a title is valid since it does not guarantee the grantors ownership interest.
The grantor must pay the filing fee for their quitclaim deed to the Registry of Deeds Office. Massachusetts charges a $155 filing fee for most deeds, including quitclaim deeds.
Key Takeaways. A warranty deed protects the buyer and ensures that the seller holds a free and clear title to a property without any outstanding liens or mortgages. A warranty deed is a legal real estate document and protects the buyer against future claims to the title of the property.
A quitclaim deed guarantees that there are no encumbrances from the grantors tenure other than those listed in the deed. A quitclaim deed also guarantees legal defense to title claimsbut only those that involve the grantors tenure.
Recording Quitclaim Deeds in Massachusetts Any real property transfer, even if its just adding a family member to a title, requires a new deed. The seller and buyer must sign the deed, and a notary public must acknowledge the signatures to confirm the transaction.
Fill out the Quitclaim Deed Form: Provide all the necessary information, including the parties names and addresses and the propertys legal description. Emphasize what warranties, if any, you plan to convey. Sign and docHub: Sign the document in the presence of a notary public.
What are the Disadvantages of a Quit Claim Deed? No Protections For The Transaction: Unlike warranty deeds, a quitclaim deeds does not offer protections for the new property owner. There is no way to guarantee that the property is owned free and clear, and that there are no easements or restrictions.
In Massachusetts, there are primarily three types of deeds that are used in all transactions: Release Deeds, Quitclaim Deeds, and Warranty Deeds. The vast majority of property in Massachusetts is transferred via a quitclaim deed.