Daily Archives: May 1, 2007
Real Estate Minute: Personal Finance Advice For Recent Graduates
Real Estate Minute with Ilyce Glink
College Graduates: One Last Lesson Before Life Starts
Ownership Of Property Questioned During Divorce
Even if you are married, you can own title in your own name. You can also own title in the name of a corporation, partnership, limited liability company or even in a trust. As a general rule, property that is purchased during a marriage might give the spouse rights in that property. Whether the property was purchased in escrow probably doesn’t matter. The escrow agent is only obligated to follow the instructions in the agreement to close the transaction and does not have a duty to advise the buyer or the seller as to the merits or pitfalls of the transaction.
