Mark J. Podolsky explains what happens when a joint tenant dies. The surviving spouse automatically inherits and can record the death certificate to clear the title, removing the deceased owner's name from the deed.
Hey, it's Mark Podolski, the lane Geek from thelanegeek.com let's have another virtual cup of coffee together. So last week I'm doing a deal from the letter writing campaign and we're on due diligence and it turns out that the person that is selling me the property has a spouse and the spouse is deceased, yet they are still on the original deed. What do you do? Good question. Right? So luckily for me, the deed and most deeds are written this way. It was conveyed this way. It was husband and wife as joint tenants with right of survivorship. So what does that mean? That means that the probate court can look at that deed and say, oh, this clearly goes to the surviving spouse, the surviving spouse. All they have to do is is record the death certificate. Then there's no liens or cloud on that title or gap in that chain of title. It's very clear who the new owner is for that property, the surviving spouse. And the surviving spouse can then very easily sell me the property. If you want more tips, tricks, techniques on how to make additional income actively passively buying and selling raw land, go to www.thelandgeek.com and download for free the Passive Income BluePR, get the ebook how to Avoid the Three Fatal Land Buying Mistakes. And of course, get the always entertaining and informative Lane Geek podcast delivered each week to your email inbox. This is Mark Podolski, the Lane Geek. Thanks again for having a virtual cup of coffee with me. I'll see you next time.
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