Understanding Holding Title Straight Up Mortgage Talk

I had another excellent interview with Peggy Hosking. I swear every time she's on the podcast I learn a ton. In this episode, we discuss holding title, and we discuss the advantages and benefits versus other types of vesting. Tune in to learn all you need to know about understanding holding title! 

Below are the questions we go over during the interview.

 1. So tell me about what can happen when people are actually smart enough to get a trust but never transfer their real property into a trust?

 2. Also, can you address what happens when clients are in a trust but during a refinance get pulled out of the trust and are not put back in?

 3. What are the advantages and disadvantages of holding title in tenants in common versus others types of vesting? 

 4. What are the advantages and disadvantages of holding title in joint tenants versus other types of vesting? 

 5. What are the advantages and disadvantages of holding title community property versus other types of vesting? 

 6. What are the disadvantages of adding a person to tile as a joint tenant as a way to have them inherit the property versus doing a trust? 

 7. Okay so the fun questions, tell us all about the horror stories?