Escrow & Title
A Massachusetts title examination typically goes back how many years to establish a marketable title?
A20 years
B30 years
C50 years
D60 years✓ Correct
Explanation
Massachusetts title standards generally require a 60-year title examination to establish a marketable title, though the Massachusetts Obsolete Mortgage Statute can affect older liens.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
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