|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 310-980-6850.
|
Sign Up For My eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
Happy To Recommend Her
“Incidentally, it has turned out to be the best investment we have ever made."
"Anonymous Admirers"
Read Quote >
View All Quotes >
|
 Compare three mortgages
at one time. Download TripleCalc now. It's free. |
Kathryn Yarnell is one of The Top
Selling Real Estate Experts™
Find Out More > |
|
|
 |
Special Offers From Me To You! Just for you, I've assembled some Special Offers. Choose one or all!  
|
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.
|
|
| Q |
What does the term ARM stand for?
|
| A |
An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
