by MassTitle | Apr 25, 2011 | Questions & Answers
More information: My wife and I are in the process of refinancing our mortgage and the different mortgage lenders we have spoken to have told us that we can select our own closing attorney to handle the closing for the lender. How do we make the right choice? Answer:...
by MassTitle | Apr 21, 2011 | Questions & Answers
A Massachusetts title search is a process that is performed primarily to determine the answer to three questions: Does the seller have a saleable interest in the property? What kind of restrictions or allowances pertain to the use of the land (real covenants,...
by MassTitle | Apr 17, 2011 | Questions & Answers
A title search is an examination of all public records that involve title to a specific property. The search is conducted to verify that there are no liens or other claims against the property other than those scheduled to be paid off by a new loan or a purchase money...
by MassTitle | Apr 17, 2011 | Questions & Answers
Recording fees are “fees” that are paid to the Commonwealth of Massachusetts for the “privilege” of recording documents that relate to real estate transactions. Some of the recording fees are as follows: Deed $125.00 Mortgage $175.00 Discharge of a Mortgage $75.00...
by MassTitle | Apr 17, 2011 | Questions & Answers
Title Insurance : To protect possibly the most important investment you’ll ever make- the investment in real estate. A lender goes to great lengths to minimize the risk of lending money for the loan it makes on real estate. It checks on the borrower’s...
by MassTitle | Apr 17, 2011 | Questions & Answers
The loan policy does not protect the borrower. The loan policy protects only the lender against loss, not the borrower. The borrower for a purchase loan can obtain title insurance to protect their own interests, and it protects the borrower for as long as they own the...
