Listing Details: Jerome, Hagerman and Twin Falls, Idaho Real Estate Listings & Homes For Sale Provided by BJ Ross

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Great Investment Property

$49,000 Reduced!

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Address: 221 E F	City/ST: Jerome, ID	Zip Code: 83338
Property Type: Single Family Home	New or Resale: Resale	Square Footage: 816
Bedrooms: 2	Bathrooms: 1	MLS# 98431408
Monthly Rent Estimate: $450

Has been rented to same tenants for 4 years. Owner may carry with qualified buyers and 15% down.

Last Updated: 4/1/2010 12:30:45 PM

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Titles >Yours In Deed

The way that you hold title to your property has legal, tax, and estate-planning consequences. Many buyers do not receive adequate professional advice on this important aspect of property ownership.

If you are purchasing property by yourself, you will be acquiring title by sole (or "separate") ownership, single ownership, or severalty ownership. The term "severalty" does not denote more than one person - it is a legal term meaning that sole ownership is severed from all other forms of ownership.

If you are purchasing property with others, the most common forms of co-ownership are tenancy in common, joint tenancy, and community property. Tenants in common can be created when two or more related or unrelated people hold title to a property either equally or unequally. Each individual has the right to do whatever he wishes with his interest in the property. For example, he can sell his interest, give it away, or will it to someone else.

Before you take title, you should seek advice from your tax advisor and an attorney, particularly if you are buying the property with another person.

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Q	Who is "Fannie Mae" and why is she a big name in real estate?
A	"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
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BJ Ross, REALTOR�, real estate agent and broker for Jerome, Hagerman and Twin Falls, Idaho home listings, property and land for sale - NUMBER1EXPERT

BJ Ross
Canyonside Irwin Realty
700 S. Lincoin
Jerome, ID 83338
208-539-0795
Fax: 208-324-3363
bjross@NUMBER1EXPERT.com

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