How Should You Take Title To Your Home
Or in layman’s terms what should it say on the documents that show how you own the house or condo. I have a great chart I received from a title company that I use, you can use this as a starting point of what your options are. You should always check with your accountant and / or your attorney what would be good for you.
Just click this link, Ways To Hold Title and you will be directed to the PDF file that you can download to your computer and print for your records. Of course if you have any questions send me an email bob_schmalz@wlaregroup.com or call 310.505.5571
This entry was written by
Bob, posted on
2010/07/14 at 6:41 pm, filed under
bank rate,
Blog,
credit line,
Documents,
equity loans,
home equity,
home equity home,
home equity home loans,
home equity loan,
refinance,
refinance mortgage and tagged
Best Realestate,
Buy a New Home,
Buy New Home,
Find A House For Sale,
Find Homes For Sale,
Free Realestate,
House For Sales,
real estates,
Realestate Agents,
Realestate Company,
Realestate Properties. Bookmark the
permalink. Follow any comments here with the
RSS feed for this post.
or leave a trackback:
Trackback URL.
11 Comments
Once you buy a house and it closes and you want to make changes to the title is it expensive? Is there a grace period after the house closes where you can make chnages and it doesnt cost anything
Bob this is very confusing. I think it would be better if there were
less choices. How hard is it to change the way you hold title
Hi Jacob & Gary
Yes Gary it is confusing even if you are a professional like myself
No grace period after the title has been filed. You normally do not get possession of the house until the title has been filed and executed. The good news, it is not expensive to change the title. Who you get the advice on how you should hold title could be expensive.
Thanks for all the info
So who do you recommend to going for advice
on how I should hold title to my house. A title
company?
Hi Bob
How have you been. What do I do if the title is joint tenancy and we get a divorce and I receive the house in the divorce
Hi
so going through this list what do you recommend for husband and wife with two incomes and seperate bank accounts
Hi Joanne
Long time havent heard from you…..
Naturally you would get the house (;0)
As I mentioned before to another post you need to speak to your accountant and attorney.
I beleive you will need to get a quit calim deed from your x
Hi Diane
Sorry that I cannot do, I can never recommend how you take title. You should talk to your accountant together
with your husband or your attorney.
Thanks — Now I need to have someone tell me what that all means
Hi Danielle
Send me an email with your situation and I will give you my thoughts what to start thinking about and where to go to make
chnages if needed
Hi Rhonda
As I mentioned previously you should check with your accountant and / or your attorney. Title company checks to make sure youy get a clean title when you buy a house. They make sure that there are no liens or outstanding judgements that are aginst the property that you do not know about. They also make sure that the chain of title is correct and has been recorded properly. They do not give advice how to hold title