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, easements, or other servitude’s)?
- Liens exist on the property which needs to be paid off at closing (mortgages, back taxes, mechanic’s liens, or other assessments)?
When a title search is needed? It is most often to contact a title company or attorney to conduct an exhaustive title search. For example, a title report may also show any easements, or recorded legal rights to the property or portions of the property. A previous owner may have legally given a neighbor the right to share the driveway, or the city may have a right to strips of the property for putting power lines, communication lines, water pipes, or sewer pipes.
In Massachusetts, the buyer of a property will usually purchase title insurance. It protects the buyer from any title problems which may arise after the sale (such as liens that were missed during the title search). The title insurance company issues a report and issues an insurance policy. Title searches are most often carried out before contracting is completed between parties and sometimes during the escrow phase of closing.
A title search is also performed when an owner of a certain real property wishes to mortgage his property. The bank requires from owner to ensure their transaction.
Generally, there are two main types of title searching, a full coverage search, and limited coverage search; other types include non-insured reports and foreclosure guarantee search.
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Our Massachusetts Title Search and Real Estate Closing Attorneys represent individuals and businesses throughout Massachusetts, the greater Boston area, Metro West, the North Shore and the South Shore, in communities such as Acton, Agawam, Amherst, Andover, Arlington, Attleboro, Barnstable, Belmont, Beverly, Billerica, Boston, Braintree, Bridgewater, Brockton, Brookline, Burlington, Cambridge, Canton,Chelmsford, Chelsea, Chicopee, Danvers, Dartmouth, Dedham, Dracut, Easton, Everett Fall River, Falmouth, Fitchburg, Framingham, Gloucester, Haverhill, Holyoke, Lawrence, Leominster, Lexington, Lowell Lynn, Malden, Marlborough, Medford, Melrose, Methuen, Milford, Milton, Natick, Needham, New Bedford, Newton North, Andover North, Attleboro North, Reading Norwood, Peabody Pittsfield, Plymouth, Quincy, Randolph, Revere Salem, Saugus, Shrewsbury, Somerville, Springfield, Stoughton, Taunton, Tewksbury, Waltham, Watertown, Wellesley, Westfield West Springfield Weymouth Woburn Worcester.