Joint tenants own a property equally. However, your contract could be written in many different ways that mean different things for ownership, what happens when someone dies, and who receives any proceeds from the property. Look at our articles, blog posts, radio shows and videos for more information and joint tenants and other types of tenancy.
Can a surviving spouse sell the house? This reader wants to know if they can sell the property if they’re on the house deed but not the mortgage. Q: My wife passed away last year and she was on the mortgage to the home and on the title to the house deed. I’m not on [...]
My father died and had a mortgage. Can I keep it? This reader wants to know if they can assume an existing mortgage loan after a parent's death. Q: My father and I were joint tenants with right of survivorship on our home. He recently died and I would like to stay in my house. [...]
The county assessor's office incorrectly classified a single-family home as a three-family building. With the mistake corrected, the homeowner wants to know if she can receive a refund for the overpayment of back taxes.
A woman is in a second marriage but does not have her name on the deed of the house she shares with her husband. The woman would not be protected if her husband dies, especially if she's not been included in estate planning. A good solution would be to use a quit claim deed to change the home ownership to joint tenancy with rights of survivorship or tenants by the entirety.
A home owner wants to protect the title to his home, because his wife works in medicine, and could be sued. Tenancy by the entirety could be the best option. Tenancy by the entirety means both of them would own all of the home and would have to agree with most choices having to do with the ownership and sale of the home.
A daughter asks about her father's eligibility for Medicaid after he transfers his home to her. Will his eligibility for Medicaid be affected by the transfer of his real estate wealth? Find out about eligibility for Medicaid and the Medicaid lookback period.
When you sign a quit claim deed you're giving up your ownership rights to that property. If the person who has the remaining ownership rights dies, his or her heirs will inherit the property. Former spouses who sign quit claim deeds give up all rights to those properties. Learn about some possible inheritance scenarios after quit claim deed has been signed.
When you get divorced, the person whose name is on the mortgage loan is responsible for that debt, even if both people's names appear on the title to the home. To change the names on a mortgage loan, the loan must be refinanced. Depending on how this asset, the home, is divided between the two spouses during a divorce, it could affect their credit histories and credit scores.
An unmarried couple buys a home in joint ownership but never cohabitates. The woman pays off the home and the joint owner wants to be paid. What are her rights under joint ownership?
A wife asks about the taxes owed on a home under joint ownership. Her husband has joint ownership with his sister. The joint ownership details will determine tax liability.