Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request my free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to me through my professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As a top Conshohocken, Blue Bell and Collegeville area real estate agent, it's my job to know more about a property than any web site. Make sure you have the most current information! 
Titles >Ways to Hold Title When two or more people purchase property together, there are three ways that the title can be held. Knowing the implications of each form of ownership will help you decide how to write your deed.
"Tenancy by the entireties" is reserved exclusively for married people. Both husband and wife own an undivided interest in the property. On the death of one party, the surviving spouse owns the entire property and no probate will be necessary. When unmarried persons buy a home together, they should seek legal advice regarding how title should be held. As "tenants in common" each party owns a percentage interest in the property. On the death of one party his or her interest does not go to the surviving owner but is distributed in accordance with the will of the deceased, whose estate must be probated. As "joint tenants" each party owns an undivided, equal interest that passes automatically to the surviving joint tenant. Probate is not necessary if the deed reads "joint tenants with rights of survivorship".
It is important to know that in most courts, if a deed is written without specification of how title is held, the property is titled as "tenants in common."
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How many step are there leading to the top of the Eiffel Tower in Paris, France?
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| A |
Visitors who walk to the top must go up 1,792 steps. |
 See More Real Estate Trivia > |
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Frani Morrione, Associate Broker
Prudential Select Properties
404 West Ridge Pike
Suite 100
Conshohocken, PA. 19428
Office: 610-828-9200
Toll Free: 888-778-5060
Fax: 610-238-0448
Send Me A Message: franimorrione@aol.com
Communication and attention to detail is what sets me apart from the rest! With over 20 years of experience and a thorough understanding of the real estate process, I promise to keep you informed every step of the way and will always have your best interests at heart!
PA Licensed REALTOR #AB-065387    
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