Thank you from the bottom of our hearts!
Jeff In order to sell our house, in this environment, it was necessary to have the correct strategy in place so that the tactical twists and turns which were necessary to get to the closing did not lead to chaos and failure. You gave us a great strategy, and as we all stuck to it, you were able to get us to where we needed to go. As a businessman, I have encountered few corporate executives who were able to design, explain and implement a workable business strategy in easily understood markets, let alone the conditions in the current Florida real estate market. As I mentioned to you, I have had bad experiences in the past when I trusted my success to the planning and execution of other people. Pam and I are pleased that we entrusted this effort to you. Thank you from the bottoms of our hearts! Tim and Pam Van Dusen
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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."
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| Q |
What home product makes lawn mowing easier than ever?
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| A |
The Robomow, a robot lawn mower manufactured in the UK by Friendly Machines, can cut 6,000 square yards of lawn all by itself. |
See More Real Estate Trivia > |
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