What is a Title Search in Massachusetts?

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,...

What is a title search?

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...

What are recording fees?

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...

What does Title Insurance do?

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...

Does the loan policy protect the borrower?

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...