Homebuyers: Ways to hold title ... a need to know!

Homebuyers: I find this chart very handy on the different ways a buyer can consider holding title. One of the documents/ questions asked a buyer is how do you want your property vested? From the choices listed below – the buyer(s) will choose. This form and question will come from title during the escrow period and again at the closing/signing of documents.

Whether you are a married couple, married filing as separate property: or whether you are filing In common, Tenancy, community or survivorship you should know how each works before you make the decision. And always keep in mind that California is a 50/50 state!

Of course, this works for a homeowner that wishes to change the way they are presently holding title on their property. In the case of a change – a quitclaim deed would be required.

Have questions or just want to hear the explanation for each selection – ask your escrow officer - they are the experts in what each means … However, they will not be able to make the decision for you!