Buyer’s Checklist

Buyers Questionnaire

NAME(S) YOU WOULD LIKE ON TITLE

ADDITIONAL QUESTIONS

** If your answer is no, please advise if you will be using a power of attorney.
Estimated price: $230.00*

LENDER INFORMATION

If you will be using a Lender, please provide their information:

SETTLEMENT INFORMATION

please provide 2 options
Please let me know of any other information that might be helpful in making the process of this transaction go smoother.

Buyers Questionnaire- Choice of Tenancy

In connection with the purchase of the property, I/we hereby direct Quantum Title Corporation to recite, in the Deed, Deed of Trust (if any), Title Insurance Policy(ies), and any other necessary or appropriate documentation the following tenancy, indicated by my initials  in the area provided below:
Example: Andy, Beth and Charles own Black Acre one-third each (1/3rd each). If Beth dies, Andy and Charles will each own one-half (1/2) of Black Acre.
Thus, a will is recommended to identify the recipient of the ownership interest upon the death of one of the owners. Example 1: Andy, Beth and Charles own Black Acre. Beth owns seventy percent (70%), Andy owns twenty percent (20%), and Charles owns ten (10%). Charles dies. Charles had a will which states that his interest should pass to his mother, Charlene. Charlene now owns a ten percent (10%) interest in Black Acre. If Charles dies without a will, his ten percent (10%) interest shall pass according to the laws of the State where the property is located. Example 2: Andy and Beth are married but own Black Acre with Charles. Andy and Beth own a sixty percent (60%) interest in Black Acre, which they hold as Tenants by the Entirety. Charles owns a forty percent (40%) interest in Black Acre. As between Charles and the unit made up of Andy and Beth, the parties own Black Acre as Tenants in Common, for percent (40%) to Charles, sixty percent (60%) to Andy and Beth jointly.

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The above information is accurate and complete to the best of my/our knowledge. I/We have been provided with the opportunity to consult with an attorney of my/our own choosing as to which manner of title is suitable for my/our situation. Having been fully informed as set forth above, I/we direct Quantum Title Corporation to utilize the initialed tenancy in preparing its documentation with respect to the property.
   
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