| Anybody who is on the DOT has an "interest" in the property. How that interest is divided, depends on other wording on the deed and state laws. For example, here in FL, we are a spousal state, so by law, notwithstanding any other contradicting documents, a husband and wife would both be on title and each have an equal share of the property. Even if only one is "obligated" on the note. Normally, I submit that anyone mentioned on the deed would have equal interests in the property. Thus, if a spouse's name appears on the deed (and title), then typically, the spouse would enjoy a 50% interest in the property. |
