The Process of Conveyance So what is the actual process that occurs when your home sells? The act itself is known as Conveyance. This is the legal and binding transfer of property from one individual to another. The process of transfer involves a number of contracts and additional parties such as attorneys. The end goal is that the buyer receives a authentic and legitimate title to the property. This is of course assuming that the seller possesses the right to sell the property from a legal perspective. Conveyance is typically comprised of two elements, the exchange of contracts and completion. There are also three distinct stages of conveyance, before contract, before completion, and after completion. Typically the process of conveyance is different in every state, however the basics of the act are similar. Representatives of the buyer, seller and the mortgage lender meet and exchange the necessary legal papers. There is a large number of legal documents that change hands at this stage; deeds are the primary documents that are involved at this stage however this is also the time when financial documents such as promissory notes, mortgage papers, pro rata property taxes, title insurance and such are dealt with. So much more goes on during the process of conveyance than simply signing a few papers. It is a complicated business that can have huge ramifications on the outcome of the home sale. Any last minute conditions must be dealt with before the conveyance can come to a close. If you need more info about what happens during this process, ask your Realtor or contact your lawyer, either of these people should be able to educate you a bit more on the act of conveyance. Posted by David Rossi on December 13, 2008 at 12:00 AM About David Rossi David Rossi is affliated with Prudential Suburban Realtors, which is located in Burlington, MA. For further assistance please use the contact information located on the right. As of 05/23/12 the David Rossi RePage is ranked at 7,239 with 350 points.

Local Information for Burlington, MA

Latitude: 42.506362 -- Longitude: -71.200088

---

ZIP Codes for Burlington, Massachusetts	01803  01805
Area Code for Burlington, Massachusetts	781
Time zone for Burlington, Massachusetts	EST

Other Area Cities:   Billerica, MA  Burlington, MA  Chelmsford, MA  Bedford, MA  Lowell, MA  Dracut, MA 

Enter our Photo Sweepstakes and Win $200 for your Burlington photos!

Submit your photos of Burlington and become eligible to win $200. Click Here for details.

Burlington was first settled in 1641 and was officially incorporated on February 28, 1799. The town is sited on the watersheds of the Ipswich, Mystic and Shawsheen Rivers. It is now a suburban industrial town at the junction of the Boston-Merrimac corridor but for most of its history it was almost entirely agricultural, selling hops and rye to Boston and supplementing that income with small shoe making shops. Early railroad expansion passed the town by, limiting its early development, and Burlington continued to cure hams for the Boston market and produce milk, fruit and vegetables. This picture changed drastically, however, as soon as Route 128 was built. The highway kicked off an enormous expansion, and between 1955 and 1965 Burlington was the fastest growing town in the state. In one five year period, its population tripled as residential and commercial retail development exploded creating the town's present character. -- Source: Wikipedia.com