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Label Approve Deed: easy document editing

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Sole ownership. If you are single, one way to hold title to your home is in your name alone. Tenants in common. Joint tenancy with right of survivorship. Community property. Living trust.
The different types of real estate title are joint tenancy, tenancy in common, tenants by entirety, sole ownership, and community property.
Sole ownership. If you are single, one way to hold title to your home is in your name alone. Tenants in common. Joint tenancy with right of survivorship. Community property. Living trust.
Updated October 30th, 2019. The manner in which your title is held, also known as title vesting, refers to your legal rights related to a property you are buying or one you own. With so many decisions to make during the home buying process, you might not think about how you should hold title.
Utilizing a revocable trust is the best way for a married couple to take title. Titling property in your trust avoids probate upon the death of both the initial and surviving spouses and preserves the capital gains step up for the entire property on the first death.
California married couples generally have three options to take title to their community (vs separate) property real estate: community property, joint tenancy or Community Property with Right of Survivorship. The latter coming into play in California July 2001.
A security interest in real estate grants no ownership interest, and your mortgage lender won't gain ownership in your real estate unless you violate your loan agreement. For example, if you default on your mortgage loan, the lender could foreclose and repossess your home using the security interest the lender holds.
Simply put, yes, you do own your home, but your mortgage lender does have interest in the property based on documents signed at closing. Deed of Trust this document lists the legal obligations and rights of you and the lender. It also states the lender's right to foreclose on the home if you default on the loan.
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