land deed - Posted by sydney

Real Estate Investing Real Estate Law
1

Posted by John Merchant on February 28, 2007 at 22:03:20:

JTWROS stands for Joint Tenancy with Right of Survival…which it sounds like you’ve got.

These aren’t immensely popular and are problematic, so I’d suggest your friend make contact with the other person and agree to re-deed the house to both as co-owners, W/O the survival provision…or have one of them agree to buy out the other for some mutually agreeable sum.

If your friend has a lawyer or RE Agent, that person might handle the contact and negotiation so your friend wouldn’t have to deal with his hostile co-owner personally.

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land deed - Posted by sydney

Posted by sydney on February 25, 2007 at 04:33:36:

A friend of mine is named on a land deed with another person. His name AND her name. These two people do not get along and are not related. Is she 1/2 owner of the land no matter what? It is stated that if one should die before the other, they become sole owner. Thanks