Everyone deserves peace of mind when buying property. It is not enough to simply be given a handshake, a smile, and the key to the front door. Having full knowledge of your property’s record of ownership involves taking an intensive look into its history. You have the right as a client to know early on in your home-buying process of any hurdles that need to be overcome.
Real estate ownership is transferred by a document called a deed, which shows the owner of record in the county where the property is located. The representation of those parties is called taking title, which can be done in several different ways. Title can be held as a tenants-in-common, joint tenants with right of survivorship, or as tenants by the entirety. It is your attorney’s duty to guide you to take title in the appropriate manner.