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Thank You For The Expert Advice
I wanted to take this opportunity to thank you for the expert advice you have given me. As a first time home buyer, it was important to work with someone I could trust, and rely on to find me the right home to fit my needs. Your professionalism and courteous upbeat manner made buying a new home a positive experience for me. You were also instrumental in helping me to realize top dollar for a home I was selling in a relative's estate. I appreciate all you have done, and I will not hesitate to contact you again in the future is my real estate needs should change.
Sandra R
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When two or more individuals own property together, each one owning an equal interest and having equal rights in the property including the rights of survivorship, it is referred to as joint tenancy. Any of the joint tenants may transfer his or her interest in the property to another party, but this dissolves the joint tenancy and creates a tenants-in-common interest with respect to the other parties whose names are on the title.
The most important feature of joint tenancy is the right of survivorship. A joint tenant cannot will his or her interest in the property to others. The surviving joint tenant (or tenants) simply becomes the owner or owners of the property without going through the probate process, which can involve expensive legal fees and may take months to resolve.
It is important to get professional advice when you plan to buy and hold title to real estate with another person.
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| Q |
What was a sure way to accumulate wealth through the 1970s and early 1980s?
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| A |
Many people made their fortunes in real estate during this period. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
