Can someone tell me what this means?
I saw that homes sold at auctions are deeded this way???
Joseph
In most states, a Tennancy by the Entirities (TE) is a special type of joint tennancy with right of survivorship reserved for husband and wife. When RE is held in a TE, if one spouse dies, the RE automatcally vests to the surviving spouse via the right of survivorship. It is best to record the death certificate of the decedent spouse to clear title.
Miami,
Since the homes were bought at the auction, and folks have to pay full cash, then that is why is see TE instead of a grant deed. Correct?
thanks for clarification.
Joseph