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Massachusetts quitclaim deeds are distinct in that they include quitclaim covenants?which guarantee that the current owner did nothing to impair the property's title. A deed that transfers Massachusetts real estate with no warranty of title is called a release deed.
The registry of deeds charges a fee of $125 to record the deed which the buyer pays. All deeds must be notarized by a notary public who must verify the sellers' identification through a state issued driver's license or acceptable form of identification.
A quitclaim deed contains no covenants or warranties of title. An interested witness, such as the grantee of a deed, cannot witness the grantor's signature.
In addition to the first assurance, the quitclaim deed guarantees that the grantor will defend against any legal claims regarding problems with the title that arose during the grantor's ownership but not prior to the grantor's ownership.
The quitclaim deed typically includes the purchase price, a description of the property, and how the buyer takes title.
Quitclaim deeds are the most common type of deed in Massachusetts. The primary difference between a quitclaim deed and a warranty deed is that while a warranty deed makes guarantees for the time before the grantor's ownership, a quitclaim deed only makes guarantees for the time of the grantor's ownership.
A Massachusetts quit claim deed is used to legally transfer land and buildings in Massachusetts from a grantor (seller) to a grantee (buyer). A quit claim deed is different from a warranty deed in that it does not provide any warranty as to whether or not the title is clear before the grantor bought the property.
There are three types of real estate deeds in Massachusetts: release deeds, quitclaim deeds, and warranty deeds. Each of these deeds gives a buyer different degrees of protection and guarantees against defects.