What does real estate Title Insurance do?

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 Massachusetts real estate. It checks on the borrower’s credit to determine their ability to repay the loan; and the lender seeks assurance that the quality of the title to the property it is loaning money on meets with the lender’s satisfaction; and that a title insurance policy protecting the lender’s loan will be issued to it by a title insurance company. [Read more…]

What are real estate 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
Declaration of Homestead $35.00 [Read more…]