A Maine Bargain and Sale Deed is a formal legal instrument that records the transfer of real property from one party to the other if the grantor cannot give the grantee any warranties related to potential liens or encumbrances on the estate. According to the Title 33 of the Maine Revised Statutes, the parties need to acknowledge the transfer and record it in the county where the real estate is located, the grantor must offer the property as it is, without any guarantees, and the parties must sign the agreement in front of the legal counsel, notary public, or a court clerk to uphold the rights of third parties.
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