Fee simple is the highest level of ownership interest you can have of the "bundle of rights" that come with owning property.
Right of survivorship (frequently noted as JTWROS - for joint tennacy with right of surviorship), means there are (at least 2) owners noted and when one dies the other gets that portion automatically....you do not exactly own a separate portion you can sell...but it is owned as one by more than one.
Community Property With Right of Survivorship
With right of Survivorship
Yes. They mean the same thing: property ownership automatically passes to the survivor.
WROS stands for 'With Right Of Survivorship'
That phrase means nothing. It is a jumble of legal terms. A tenancy in common carries no rights of survivorship. A right of survivorship must be established by a joint tenancy or a tenancy by the entirety. Deeds should always be drafted by a professional.
This situation depends on the tenancy that was recited in the deed. If you were joint tenants with the right of survivorship then full ownership automatically passed to you upon your mother's death and there is no need for probate. However, if you owned as tenants in common, your mother's half interest would pass to her heirs at law and the estate would need to be probated for title to vest in the heirs.
Neither, those are ancient common law simply terms of art that mean the interest being conveyed to the grantee is a fee interest and that the grantee will be able to sell the property while living or it will go to her heirs upon her death.A joint tenancy must be created by certain language in the deed. In many jurisdictions "as joint tenants" is sufficient. In others you must recite the entire phrase "as joint tenants with right of survivorship". If no tenancy is specified the tenancy usually defaults to a tenancy in common except in those states where a conveyance to a legally married couple automatically creates a joint tenancy with the right of survivorship.Neither, those are ancient common law simply terms of art that mean the interest being conveyed to the grantee is a fee interest and that the grantee will be able to sell the property while living or it will go to her heirs upon her death.A joint tenancy must be created by certain language in the deed. In many jurisdictions "as joint tenants" is sufficient. In others you must recite the entire phrase "as joint tenants with right of survivorship". If no tenancy is specified the tenancy usually defaults to a tenancy in common except in those states where a conveyance to a legally married couple automatically creates a joint tenancy with the right of survivorship.Neither, those are ancient common law simply terms of art that mean the interest being conveyed to the grantee is a fee interest and that the grantee will be able to sell the property while living or it will go to her heirs upon her death.A joint tenancy must be created by certain language in the deed. In many jurisdictions "as joint tenants" is sufficient. In others you must recite the entire phrase "as joint tenants with right of survivorship". If no tenancy is specified the tenancy usually defaults to a tenancy in common except in those states where a conveyance to a legally married couple automatically creates a joint tenancy with the right of survivorship.Neither, those are ancient common law simply terms of art that mean the interest being conveyed to the grantee is a fee interest and that the grantee will be able to sell the property while living or it will go to her heirs upon her death.A joint tenancy must be created by certain language in the deed. In many jurisdictions "as joint tenants" is sufficient. In others you must recite the entire phrase "as joint tenants with right of survivorship". If no tenancy is specified the tenancy usually defaults to a tenancy in common except in those states where a conveyance to a legally married couple automatically creates a joint tenancy with the right of survivorship.
A deed in lieu of foreclosure refers to the process of handing over a property deed to the mortgage financier and no longer having to pay the mortgage. The property now belongs to the company who financed the mortgage.
What does life rights mean on a deed.
Deed means something that is carried out
What does The word should be as cousin to the deed mean?
deeddeed