Mt. Gilead, Cardington and Marengo real estate and homes for sale in Ohio - Herb Baldwin, REALTOR® Herb Baldwin REALTOR(r) for Mt. Gilead, Cardington and Marengo, Ohio real estate - NUMBER1EXPERT™ Herb Baldwin NUMBER1EXPERT(tm) for Mt. Gilead, Cardington and Marengo, Ohio real estate
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Herb Baldwin, REALTORŪ, real estate agent and broker for Mt. Gilead, Cardington and Marengo Ohio home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
Titles >Ways to Hold Title

When two or more people purchase property together, there are three ways that the title can be held. Knowing the implications of each form of ownership will help you decide how to write your deed.

"Tenancy by the entireties" is reserved exclusively for married people. Both husband and wife own an undivided interest in the property. On the death of one party, the surviving spouse owns the entire property and no probate will be necessary. When unmarried persons buy a home together, they should seek legal advice regarding how title should be held. As "tenants in common" each party owns a percentage interest in the property. On the death of one party his or her interest does not go to the surviving owner but is distributed in accordance with the will of the deceased, whose estate must be probated. As "joint tenants" each party owns an undivided, equal interest that passes automatically to the surviving joint tenant. Probate is not necessary if the deed reads "joint tenants with rights of survivorship".

It is important to know that in most courts, if a deed is written without specification of how title is held, the property is titled as "tenants in common."

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Real Estate Trivia
Q 
What is the world's most expensive Monopoly set?

A 
San Francisco jeweler Sidney Mobell created an exclusive $2 million Monopoly set, with solid 23 carat gold houses, chimneys made of rubies and sapphires and dice with 42 full cut diamonds for spots.
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Herb Baldwin, REALTORŪ, real estate agent and broker for Mt. Gilead, Cardington and Marengo Ohio home listings, property and land for sale - NUMBER1EXPERT(tm)

Herb Baldwin
RE/MAX Genesis

745 W. Marion Road
Mount Gilead, OH 43338
Office: 419-946-3800
Direct/Cell: 419-947-4004
Fax: 866-372-5239
herb@herbsells.com

Herb Baldwin, RealtorŪ Associate with RE/MAX Genesis, is a highly motivated, full-time professional dedicated to serving his clients needs with integrity. With over 30 years experience in the customer service field, Herb understands what his clients needs are. Because Herb understands that referrals and repeat business are the key to continued success, he is dedicated to providing the highest quality of service to his clients.

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