|
We Have Never Met a More Honest Person
"Mickey implemented a fabulous marketing plan to sell our home. She used her experience and knowledge to assure our home went on the market at just the right time and in the best possible condition. We received multiple offers. We have never met a more honest person, so full of integrity. We recommend her highly! Thank you Mickey! You are a true professional who really cares about your clients' needs."
Keith & Ivie Wright formerly of Manassas, VA
You have a story to tell about us. You've worked with us, and we've helped you buy or sell a home. We need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell us how we did... 
 |
Titles >Ways to Hold Title When two or more people purchase property together, there are three ways that the title can be held. Knowing the implications of each form of ownership will help you decide how to write your deed.
"Tenancy by the entireties" is reserved exclusively for married people. Both husband and wife own an undivided interest in the property. On the death of one party, the surviving spouse owns the entire property and no probate will be necessary. When unmarried persons buy a home together, they should seek legal advice regarding how title should be held. As "tenants in common" each party owns a percentage interest in the property. On the death of one party his or her interest does not go to the surviving owner but is distributed in accordance with the will of the deceased, whose estate must be probated. As "joint tenants" each party owns an undivided, equal interest that passes automatically to the surviving joint tenant. Probate is not necessary if the deed reads "joint tenants with rights of survivorship".
It is important to know that in most courts, if a deed is written without specification of how title is held, the property is titled as "tenants in common."
|
|
|
Find out more about us!
To
download a pdf file of our brochure in printable format,
please click
here > |
 Stay informed of the latest
news!
Click here for a downloadable pdf file of our latest newsletter in
printable form. |
 Click here to see our electronic
monthly newsletter developed by Realty Times with great pertinent
articles. |
|
- NUMBER1EXPERTS™ 
