HomeLight

APRIL 29, 2022

And if everyone involved isn’t aligned from the start, you can end up disagreeing on important details when it comes time to sell — potentially wrecking the sale and wasting all of the owners’ valuable time. Fortunately, there are ways to set up a smooth sale on a co-owned property. Joint Tenancy.

Tenancy in common 105

Tenancy in common Purchase and sale agreement Title Sales 105

Realty Biz

JANUARY 7, 2022

If so, you need to understand the two main ways that people buy property together: joint tenancy and tenancy in common (TIC). For example, joint tenancy is usually used by married couples or cohabiting partners who both want an equal share in the property and want to be able to inherit the other tenant’s share if he or she dies.

Tenancy in common 88

Tenancy in common Purchase and sale agreement Commercial Title 88

Realtor.com

FEBRUARY 11, 2021

If you haven’t done so already, now is the time for each of you to come clean about any debt you may have, since that can make or break your ability to get approved for a mortgage. One of the things mortgage lenders look at when you apply for a home loan is your debt-to-income ratio. How much house can we afford?

Debt-to-income ratio 132

Debt-to-income ratio Tenancy in common Purchase and sale agreement FHA loan 132

HomeLight

AUGUST 11, 2022

If you own the home with your spouse or partner, the process is relatively straightforward when both parties are available to sign all of the documents involved in the sale process. You may be able to compel a sale. Next, you’ll need to see if your ownership with your partner is tenancy in common (TIC) or joint tenancy.

Purchase and sale agreement 136

Purchase and sale agreement Title Pre-approval Tenancy in common 136