St. Charles, Geneva and Batavia real estate and homes for sale in Illinois - Alex and Vicky Rullo, REALTORS® Alex and Vicky Rullo REALTORS(r) for St. Charles, Geneva and Batavia, Illinois real estate - NUMBER1EXPERTS™ Alex and Vicky Rullo NUMBER1EXPERTS(tm) for St. Charles, Geneva and Batavia, Illinois real estate
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Alex and Vicky Rullo, REALTORŪ, real estate agents and broker for St. Charles, Geneva and Batavia Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

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Local Information: St. Charles, Geneva and Batavia Illinois home buying, real estate listings, and homes for sale in Kane                           County, IL
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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 
What acclaimed house built of stone, concrete, and glass is built over a waterfall?

A 
Fallingwater in Mill Run, PA, built by architect Frank Lloyd Wright, is one of the most-visited homes in the U.S.
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Vicky Rullo, REALTORŪ, real estate agent and broker for St. Charles, Geneva and Batavia Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Alex and Vicky Rullo
The Rullo Team of Re/Max Great American North

40W160 Campton Crossing Drive
St. Charles, IL. 60175
Phone: 630-513-1771
Fax: 630-513-5308
Mobile: 630-330-7570
Email: rullos@rullos.com

Alex Rullo and Vicky Rullo and the Rullo Team are always on the cutting edge of the real estate industry. Last year, 141 families chose the Rullo Team to sell their property and they sold almost 56.5 days faster than the average agent in the Fox Valley area. Together Alex and Vicky have over 30 years experience in the Real Estate market. For all your real estate needs contact them today!


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