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Sunday, May 31, 2015 7:23:54 AM
The recording of a new deed from a closing is recorded during the closing
to be sure the property wasn't transferred by the present owner to
a third party while the current buyer is closing. That has been done in the past. So, at the end of the closing, and while the closing lawyer still has control of the transaction, and before money is disbursed, someone goes to the registry to make sure the present seller still owns
the property and that there aren't any new liens. He records the sale at the registry for the new owner and calls back to the closing to allow funds to be disbursed.
The point is the office in that area that oversees real estate transactions would know about a property transfer before the assessor
or tax collector's would. Here it can be up to 90 days before a property transfer is recorded at the tax or assessor's office.
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