Title office: We have a problem

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Editor's note: Robert Bruss is temporarily away. The following column from Bruss' "Best of" collection first appeared Sunday, June 25, 2006. DEAR BOB: Recently you had an item about how husband and wife should hold title to their home and other real estate. It motivated me to go to our safe deposit box to check our home title deed. It says we own our home in the name of "Mark or Victoria Lastname." No method of holding title, such as joint tenancy or tenancy in common, is specified. Do we have a problem? --Victoria W. DEAR VICTORIA: Yes. As a real estate attorney, I can see many potential problems with the way you hold title to your home. The very troublesome word is "or." Purchase Bob Bruss reports online. Also, the deed fails to specify how you hold title, such as tenants in common, joint tenancy with right of survivorship, or another method. Whoever prepared that deed obviously wasn't looking out for your best interests. While you are in "good standing" with each other and the marr...