The following is an example (which I wish were fiction) outlining the pitfalls of the successor beneficiary to real property skipping the probate process by using deeds: Example. A child ...

In the first example, the grandfather decides to sell the property to their grandson via an arms-length transaction and at fair market value. In this case, the deed is transferred at closing to ...

For example, your servicer might reject your request for a deed in lieu if: You haven't tried other options first Your home is in poor condition There are liens or tax judgments on your property ...

Joint tenancy on a deed is a form of property ownership ... transfers to the remaining co-owners. For example, if three ...