ways to hold title
Home buyers often give little thought to the ways to hold title. I hear escrow officers ask the question over and over, and watch buyers’ puzzled faces as they grope for answers. How to hold title is something buyers should decide upon about the same time as they receive a lender preapproval letter, but unless their agent brings it up, they might not give it a second thought.
Be aware that Sacramento Realtors are not licensed to practice law, so we can’t advise buyers, unfortunately. It’s a legal question that is best answered by a real estate lawyer. But let’s get real, how many buyers are going to run to their lawyers and pay for this type of advice, even though it’s suggested? Not one.
When I mention taking title as wife and husband when you’re buying a home; this is not meant to leave out anybody in the Sacramento LGBT Community. I know married people, for example, who refer to their coupling as husband and wife; yet others say husband and husband or wife and wife. There are few rules about what you can call your partner, unless you’re ticked off and intent upon sleeping on the sofa. But there are strict rules about ways to hold title to Sacramento real estate. Further, some married couples prefer taking title as wife and husband instead of husband and wife, regardless of gender.