Tuesday, August 28, 2012 - Article by: Joe LaVallie - HomeStreet Bank -
Some people choose to use Join Tenancy to purchase property in Seattle. The main reason people take title in joint tenancy is the right of survivorship. When one party of the joint tenancy dies. the title to the property transfers to the surviving joint tenants. This type of title ownership is usually used as part of a business transaction. If you have questions about Joint Tenancy please contact me here.
A Joint Tenancy in a property is an ownership in a property that is owned by two or more persons in equal shares. Properties that are owned as Joint Tenancy are not subject to sale or transfer by will. As mentioned above this type of title ownership is typically used when purchasing "business" property.
Since we are discussing surviving and Survivor is one of my favorite TV shows here is alink to the new season that is starting soon. Don't worry to much about me for watching this show, I watch the Discovery channel to balance it out.
Joe LaVallie
The Integrity Team
Mortgage Banker
HomeStreet Bank
22001 66th Ave W
Mountlake Terrace WA 98043
NMLS ID#111363
joe.lavallie@homestreet.com
425-678-7604 Direct
1-800-761-7788 ext 7604
206-743-4722 Cell
Fax 206-512-1911
To Apply Online http://www.homestreet.com/jlavallie
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