Page 25 - Real Estate Laws and Customs - State by State Guide by Old Republic Title

State Locations

A STATE - BY - STATE GUIDE
REAL ESTATE LAWS AND CUSTOMS MASSACHUSETTS

Title Insurance Rates MASSACHUSETTS
Published Rates

Form of Conveyance MASSACHUSETTS
Warranty Deed or Quitclaim Deed (Depends on Location of Property)

State Encumbrance Forms MASSACHUSETTS
Mortgage

Customary Closing Entity MASSACHUSETTS
Attorney

Commitment Issued? Duration? MASSACHUSETTS
Yes, Upon Request; 6 Months

When Is Invoice Issued? MASSACHUSETTS
With Commitment

Deed Transfer Tax? MASSACHUSETTS
Yes; Deed Excise Tax (Martha’s Vineyard and Nantucket Impose Additional Transfer Fee)

Mortgage Tax? MASSACHUSETTS
No

Leasehold Tax? MASSACHUSETTS
No; Unless Assignment of Lease for Consideration

Remote Online Notarization (RON) Status MASSACHUSETTS
In Effect
CUSTOMARY SPLITS

Owner’s Policy Premium MASSACHUSETTS
Buyer Pays

Loan Policy Premium MASSACHUSETTS
Buyer Pays

Title Search and Exam Fees MASSACHUSETTS
Buyer Pays; Except for Parts of Worcester County

Survey Charges MASSACHUSETTS
Buyer Pays; Sometimes Negotiated

Deed Transfer Tax MASSACHUSETTS
Seller Pays

Mortgage Tax MASSACHUSETTS
Not Applicable

Closing Fees MASSACHUSETTS
Negotiable

Recording Fees MASSACHUSETTS
Buyer Pays to Record Deed and Mortgage
Seller Pays to Record Documents to Remove Encumbrances

UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com 25

oldrepublictitle.com/ncs Updated 07/2023