Article: Taking Title Of Your New House
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Taking Title Of Your New House
How you take title in your new home is key decision. Unfortunately, in the euphoria of the moment, many new homeowners don?t put much thought into it.
Title
When purchasing a new home, you become the title owner of record. Essentially, this means you are listed in public records as the legal owner. This may sound like a simple concept, but how you?re classified as an owner can impact legal and tax issues. Here are some issues to consider when taking title.
Single Owner
If you are purchasing the property on your own, there is really only one title choice. Yep, you are going to be listed as the sole owner, to wit, in your own name. If you are investing in rental or commercial properties, you should speak with a lawyer about purchasi...
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