Ever hear the terms “deed vesting” or “how to take title.” When it comes to purchasing real estate, this basically means who is going to hold ownership/title for this asset, and what happens in conveyance, death, etc. There’s a number of ways one can take title, and the language can vary from state to state. You may or may not be familiar with the different ways to take title, if you are then here’s a quick refresher, and if not, you may find the links to these PDF docs useful to keep in your back pocket.
Common Ways to Take Title in California(Source: “First American Title”): http://www.firstam.
Common ways to hold title in Oregon (Source: Chicago Title, OR): http://www.chicagotitleoregon.com/Uploads/31/77/13177/Gallery/Ways%20to%20Hold%20Title%20in%20Oregon.pdf
Common ways to to hold title in Colorado (Source: Colorado Home Buyers Information, COHBI.com reprinted from Guardian Title Agency, LLC 2018): http://www.cohbi.com/pdfs/3-common-ways.pdf
I’m no attorney or expert on the subject, these are some resources you may find helpful!
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