JOINT TENANTS

Author Message
DUANE

Guest








0.10 Dollars($)

PostPosted: Fri Apr 04, 2008 1:27 pm    Post subject: JOINT TENANTS

CAN MY HSUBAND AND I FILE A QUITDEED TO CHANGE OUR DEED TO JOINT TENANTS, AS IT IS FILED AS TENANTS IN COMMON NOW AT THE LOCAL COURT HOUSE. WE OWN THE HOME OUTRIGHT AND MY UNDERSTANDING IS THE JOINT TENATS, THE HOUSE WOULD GO TO THE SURVIVING MEMBER. IS THAT CORRECT AND THANK YOU IN AVDANCE FOR YOU ANSWER.
 
image
Icon Mini Profile larry




Joined: 27 Jun 2007

Posts: 3328



474.31 Dollars($)

PostPosted: Fri Apr 04, 2008 10:48 pm    Post subject:

Hi DUANE,

Welcome to the forum.

You rightly understood that in Joint tenancy if one tenant dies the other will automatically get the ownership. But I think Survivorship Deeds is the best way to achieve joint tenancy. So better use a Survivorship Deed.

Feel free to ask if you have any further questions.

Best of luck,
Larry
 
image
Icon Mini Profile jheard
jheard
Moderator


Joined: 12 Dec 2007

Posts: 541
Location: Houston, TX


90.78 Dollars($)

PostPosted: Mon Apr 07, 2008 7:40 am    Post subject:

DUANE, USING ALL CAPITAL LETTERS IS CONSIDERED RUDE!

The answer to your question, is, Yes, with joint tenancy, the surviving joint tenant takes title to the property.
 
image
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






 
Highlights
Helpful References
Mortgage Terms
Mortgage News
Book Center
Mortgage Guide
Shop and Compare lenders


Community Rewards
Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


 



About Us  | Contact Us  | Privacy Policy  | Testimonials  | RSS Feeds  | Site Map 
We have chosen to apply the Creative Commons Attribution License to all works we publish.
This work is licensed under cc by 2.0