Escrow & Title
In Maine, a deed is legally effective to transfer title when it is:
ASigned by the grantor only
BSigned by the grantor and delivered to and accepted by the grantee✓ Correct
CFiled with the Maine Real Estate Commission
DNotarized and witnessed by three people
Explanation
A deed transfers title upon delivery to and acceptance by the grantee. The deed must be signed by the grantor but is effective upon delivery and acceptance, not upon recording.
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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).
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
EasementA non-possessory right to use another person's land for a specific purpose.
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