Legal Question in Real Estate Law in Oregon
My stepson thought he was buying part of a house (he currently is paying the whole mortgage). The paperwork for the deed has his name on it but it says "not tenant in common" does this mean he doesn't own any of this house? He put $15k toward it and has made the mortgage payment ever since.
Asked on 11/24/15, 4:48 pm
1 Answer from Attorneys
Daniel Meek
Daniel W. Meek
You should have a lawyer look at the deed and the mortgage. If someone is not a tenant in common, he is then a joint tenant. The difference is that, if a tenant in common dies, his share of the house passes to his herrs. If a joint tenant dies, his share of the house reverts to the other owner of the house.
Answered on 11/24/15, 5:07 pm