Escrow & Title
In a Maine real estate transaction, when is a deed considered 'delivered'?
AWhen the grantor signs it
BWhen the deed is mailed
CWhen the grantee receives and accepts the deed with the grantor's intent to transfer title✓ Correct
DWhen the deed is recorded at the Registry of Deeds
Explanation
Delivery and acceptance are required to complete a valid deed transfer. The grantor must intend to transfer title, deliver the deed to the grantee, and the grantee must accept it.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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