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Can you dissolve tenancy by the entirety property temporarily and then deed it back to tenancy by the entirety?
Wiki User
∙ 8y ago
You need to be very careful as a non-professional about that kind of activity with land deeds. You should consult with an attorney who can discuss your needs and draft proper deeds. There are many pitfalls in that type of situation. For example- You may find yourself in trouble with your lender if there is an outstanding mortgage. The lender could demand payment in full.
Wiki User
∙ 8y ago
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Property held as a tenancy by the entirety requires what?
A tenancy by the entirety requires that the owners be legally married.
Can a co owner sell his share with the consent of other?
Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.Yes, as long as the property is not held as tenants by the entirety: a tenancy reserved for married couples.
Is Idaho Tenancy by the Entirety state?
No it is community property
What does TE mean in real estate?
There are four forms of co-ownership for property. If you are planning on purchasing a home or inherited property with another, the property is owned as a tenancy in common, a joint tenancy, through community property or tenancy by the entirety. Tenancy by entirety is specific to married couples.
Does Michigan recognize Tenants by the Entirety?
Yes. Michigan recognizes tenancy by the entirety ownership of real property by people who are married.
Does Montana recognize tenancy by entirety?
Montana does not recognize tenancy by the entirety.
How many states and Washington DC have some type of tenancy by the entirety property interest?
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What is a tbyE trust?
Tenancy by the entirety is a form of co-ownership of real property that is reserved for legally married people. In a T by E, when one owner dies the other automatically owns the property and there is no need for probate. A tenancy by the entirety is not a trust.
Can someones debt be placed as a lien on your property?
Not unless they also have an interest in the property other than a tenancy by the entirety.
Is the state of Georgia a state that is a Tenancy by the entirety?
That is but one of the legal methods by which property may be owned.
What are assets in probate?
Probate assets are all the property a person owns at death in their own name. That would exclude any property owned with another in a joint tenancy or tenancy by the entirety.
Does Colorado have tenancy by the entirety?
Colorado recognizes the following types of ownership: tenancy in common and joint tenancy, but not tenancy by entirety and community property. A grant of ownership of real estate to two or more persons is presumed to create a tenancy in common, unless the instrument specifically states that a joint tenancy is being created. Colorado Code §38-31-101, 107.
