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Home Massachusetts Information
Massachusetts Information PDF Print E-mail
VESTING    
  • The following tenancy types are recognized: Tenancy in Common, Joint Tenancy, Tenancy by the Entirety         
  • The non-titled spouse must sign the security instrument irregardless if he/she holds title         
  • Acceptable instruments for transferring ownership on real property: Warranty Deed or Quitclaim Deed         
  • Warranty Deed or Quitclaim Deed must include grantor, grantee, consideration, address, property description, signature, and acknowledgement         
            
RELEASE
  • Discharge or Releases         
            
POWER OF ATTORNEY
  • Must be durable         
            
TAX DUE DATES         
            
  • First Installment is due on August 1st or November 1st if collected semi-annually         
  • Second Installment is due on November 1st or May 1st if collected semi-annually         
  • Property taxes may be collected quarterly installments due on: February 1st, May 1st, August 1st and November 1st         
            
MORTGAGE/TRANSFER TAX
  • Mortgage tax is NOT charged         
  • Transfer tax fees are $2.28 per $500.00 except in Barnstable, Duke and Nantucket which require additional county stamp tax or land bank fees         
SECURITY INSTRUMENT RECORDING REQUIREMENTS
  • All original signatures must have names typed or printed under signature line         
  • Notaries stamp or seal must be on all instruments submitted for recording         
  • Corporate seal is not necessary, however recommended         
  • The name and address of the person preparing the instrument is not required         
  • The address of each party is required on all documents submitted for recording         
            
WHO MAY SERVE AS TRUSTEE ON DEED OF TRUST
  • Not required         
            
STATUTE OF LIMITATIONS
  • JUDGMENTS IN FAVOR OF U.S. - 20 years         
  • ALL OTHER JUDGMENTS - 20 years         
  • STATE OF MASSACHUSETTS TAX LIENS - 10 years         
  • FEDERAL TAX LIENS - 10 years         
  • MECHANICS LIEN         
  • ESTATE TAX - 10 years         
  • FINANCING STATEMENT - 5 years         
  • WRIT OF ATTACHMENT - 6 years