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 (Source: “First American Title”): http://www.firstam.
I’m no attorney or expert on the subject, but these are two resources I have found helpful, along with many other people I’ve spoken with.
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