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Beware of Wire Fraud

May 16, 2019

BEWARE! Wire transferring money on real estate transactions could cost you your life savings. We continue to advise our clients in residential real estate transactions, and in commercial real estate transactions, that they should be extremely careful about putting personal information (such as social security numbers and bank accounts) in any emails, and when they are wiring funds to an attorney’s office, a real estate agency, or a title company.

Title to Real Estate: Unmarried Cohabitants

There are circumstances where unmarried persons purchase homes together. In most of those cases, the couples take title as joint tenants, which means that upon the death of one of them, title is automatically vested by operation of law in the survivor. On the other hand, if the unmarried couples take title as tenants in common, it is almost always on a 50-50 basis.

The problems arise when the relationship ends. The question that we are often asked is: Are there common law rights for unmarried cohabitants?