Joint Tenancy
For Sale $18,000  - Property
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Detail
  • Bedrooms 3
  • Bathrooms 3
  • Garages
  • Price $18,000  - Property
  • Area 2300ft 
  • Status For Sale
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Description

The advantage of this method is that the parties in the ownership need not be married or related.

The downside is that any financing or use of the property for financial gain must be approved by all parties and cannot be transferred by will after one passes. If the parties are not married, in order to get out of the title, they must petition the court to divide the property or order its sale.

Another large disadvantage is that a creditor that has a legal judgment to collect a debt from one of the owners can also petition the court to divide the property and force a sale in order to collect on its judgment. In this method, each of the owners takes a risk in the other’s financial choices.

 
  • Property ID 1000
  • Available From 2000
  • Year Built 2010
  • Exterior Material Exterior Material
  • Structure Type Structure Type
  • AC AC
  • Acres Acres
  • Bedroom Features Bedroom Features
  • Cross Streets Cross Streets
  • Dining Area Dining Area
  • Disability Access Disability Access
  • Entry Location Entry Location
  • Exterior Cnstruction Exterior Cnstruction
  • Fireplace Fuel Fireplace Fuel
  • Fireplace Location Fireplace Location
  • Legal Desc Legal Desc
  • Lot Description Lot Description
  • Lot Size Source Lot Size Source
  • Misc Interior Misc Interior
  • Sewer Sewer
  • Source Of Sqft Source Of Sqft
  • Terms Terms
  • View Desc View Desc
Floor Plan
Public Facilities
  • Shop10 km
  • School5 minutes
  • University5 km
  • Airport20 km
  • City center10 minutes
  • Hospital2 km
  • CPT stop1 km
Contact Info
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Agent
  • Name Smith Doe
  • Phone
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  • Email tuyennv@templaza.com
  • Web Site  
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