Tuesday, January 18, 2011

Types Of Co-Ownership


No designation

It is possible that the new owners only want to take title in their joint names and do not want to list any of the above designations. Be aware that the law varies from state to state with regards to how the title to the real estate will be held when there is no designation on the deed (tenancy in common, joint tenancy, tenants by the entirety, community property or community property with right of survivorship). It is usually preferable to list the designation on the deed itself so you can know how the title is held.

 

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