Joint Tenancy
When two or more individuals own property together, each one owning an equal interest and having equal rights in the property including the rights of survivorship, it is referred to as joint tenancy. Any of the joint tenants may transfer his or her interest in the property to another party, but this dissolves the joint tenancy and creates a tenants-in-common interest with respect to the other parties whose names are on the title.
The most important feature of joint tenancy is the right of survivorship. A joint tenant cannot will his or her interest in the property to others. The surviving joint tenant (or tenants) simply becomes the owner or owners of the property without going through the probate process, which can involve expensive legal fees and may take months to resolve.
It is important to get professional advice when you plan to buy and hold title to real estate with another person.
Do These Real Estate Tips Really Apply to YOU? I've learned these tips through years of experience as a top real estate agent. But I know that YOUR situation might be different. That's why I'm here. It's my job to personally advise homebuyers and sellers. Ask me if any tip that I've included here really applies to your situation. Do any of these tips raise questions for you? Didn't find what you're looking for? Let me know! I am happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
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Where are church services held in the water each Sunday during July and August?
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At Half-Moon Bay, Ontario, worshippers gather in boats facing the natural stone pulpit, and hymnals are passed to the floating congregation by ushers in canoes. |
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Bonnie Fagoh
C21 Beggins Enterprises
6542 US Hwy 41 N Ste 1
Apollo Beach, FL 33572
Office: 813-658-1344
Fax: 813-658-1477
Cell: 813-390-7606
BonnieFagoh@NUMBER1EXPERT.com
Bonnie Fagoh Awarded Centurion **
Bonnie Fagoh of Tampa Coastal Homes at Century 21 Beggins in Apollo Beach Florida has been awarded Centurion level recognition AGAIN this year!***
In a year that experts have noted as a difficult one, Bonnie has quietly gone on with what she loves and that is helping families sell their current homes at the best price the market will bear and/or find fantastic deals in this coastal community and it shows! She had her best year yet in 2011. "What I have found in 2011 is that many people are very frustrated with the "foreclosure bargains" that they had considered, only to find after many aggravating months and much frustration with the lenders that it is just not worth the wait. They miss out on some great buys waiting on short sale approval, or are outbid on a bank owned property. Of course, these distressed properties are "as is", in need of repair and neglected so they may not be the "best deal". I have helped families buy brand new homes with full warranties and close in 30 to 45 days. (Many short sales take 4 to 6 months or more and can "fall apart" right at closing). Some big national builders having recently started raising their prices showing how well this market has bounced back. Investors have also come back into the market, snapping up the homes under $200,000. You don't have to compete with these cash buyers on new homes, and you get full warranties and closing cost assistance from builders. Of course all the normal due diligence has to be performed. For example, what is the history of the neighborhood? Many of these factors cannot be determined from photos or a written description... No, in today's market as competitive as it is it pays to go with a pro that is very knowledgeable about the local area. You need to know that a Realtor is serious about the profession. " I have lived in my area since 1990 and in Tampa Bay since 1965 so the trends to me are clear, says Bonnie." Contact me and I will be happy to show you our beautiful Tampa Bay and Apollo Beach area and the wonderful deals we have in this coastal community! 
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