Purchasing Real Estate in Texas

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Icon Mini Profile pollyannaxmas1960




Joined: 06 Oct 2009

Posts: 1

1.30 Dollars($)
PostPosted: Tue Oct 06, 2009 2:18 pm    Post subject: Purchasing Real Estate in Texas

My husband and I are purchasing some unimproved land in Texas. The title company insists we have to purchase it under a Special Warranty Deed. We'd like to hold it under a "Joint Tenancy with Full Right of Survivorship"? Can that be done LATER since the title company won't INSURE the sale under a Joint Tenancy since that's NOT the way the property was conveyed to the ORIGINAL owner?
Icon Mini Profile adonis
adonis



Joined: 22 Oct 2005



Posts: 3852
Location: ALASKA
120.89 Dollars($)
PostPosted: Tue Oct 06, 2009 8:27 pm    Post subject:

Hi pollyannaxmas,

As far as I know, you can change the deed later on to a "Joint Tenancy with Full Right of Survivorship". In order to close the deal, right now you can go for a special warranty deed as your lender has suggested.

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