Lincoln City, Depoe Bay and Pacific City, Oregon Coast real estate, beach homes for sale, Ocean front homes, Ocean view homes - Mary McDonald, REALTOR® Mary McDonald REALTOR(r) for Lincoln City, Depoe Bay and Pacific City, Oregon real estate - NUMBER1EXPERT™ Mary McDonald NUMBER1EXPERT(tm) for Lincoln City, Depoe Bay and Pacific City, Oregon real estate
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Mary McDonald, REALTORŪ, real estate agent and broker for Lincoln City, Depoe Bay and Pacific City Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)
Oregon Coast Real Estate, ocean beach homes and property call Mary McDonald 541-992-2748, email Lc.Mary@Gmail.com, visit Mary in Lincoln City, Oregon.





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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 
Where would you go if you wished to stay in the world's most expensive hotel room?

A 
The Imperial Suite at the President Wilson Hotel in Geneva, Switzerland, which can be reserved for $33,000 per night.
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Mary McDonald, REALTORŪ, real estate agent and broker for Lincoln City, Depoe Bay and Pacific City Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Mary McDonald
Coldwell Banker Gesik Realty, Inc

1815 NW Hwy 101
Lincoln City, Oregon 97367
Office: 541-994-7760
Office Toll-free: 800-959-7760
Cell: 541-992-2748
Fax: 541-994-9582
marymcdonald@NUMBER1EXPERT.com

I've been a Realtor here on the Oregon coast since 1997. Located in Lincoln City I cover from Pacific City and Neskowin south to Road's End, Lincoln City, Otis, Devil's lake, Depoe Bay, Newport, Waldport, and Yachats. I am a past owner of a beach vacation rental company, former managing partner of a coast property investment company, and former Bed and Breakfast owner/operator. I've developed a good feel of what works and what doesn't on the Oregon coast and I would be glad to share my accumulated knowledge with you. Mary McDonald, Principal Broker

CRSEqual HousingGRIMLSREALTOR


Coldwell Banker Gesik Reality, Inc real estate and homes for sale in Lincoln City, Depoe Bay and Pacific City Oregon

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