Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 3 · column 1 of 7 · from the scan, no model involved
Real Estate i
Eileen M. Day REALTOR
HOW TO TAKE TITLE
The manner In which you acquire title when buying a piece of real estate can have serious consequences in terms of planning for the future. Although each state has variations on taking title, the difference in each form of ownership is very important and needs to be understood by anyone purchasing real estate.
Tor instance, taking title as joint tenants in many cases usually means that in the event of the death of one joint tenant, the other tenant or tenants have the right of survivorship to the remaining interest in the property.
As tenants in common, each individual has a separate interest that can be sold, willed or transferred. and in the case of death, that Interest in the property would need to go through probate, which is usually not the case with joint tenants.
There are other types of ownership. such as partnerships, trusts and the like which should be discussed with an attorney before a decision is made on how to take title.
If there is anything we can do to help you in the field of real estate, please stop In at EILEEN M. DAY. Realtor, the Clopton House, Washington, Va., 22747. Phone 675-3033. We're here to help.
82.2%