What is Vesting and How Should I Take Title When Buying a Property in California?

What is Vesting and How Should I Take Title When Buying a Property in California?

Vesting for real property can have important legal and financial implications and can affect an owner’s interest, control, or transferability of the property. When a title deed is written for real property, ownership is usually described using the name of the owner(s) and a clarifying legal description.  This is known as “vesting” or “taking title”.  When preparing to purchase a property, it is important to understand the different ways of taking title and how it impacts your ownership.  The following definitions are common types of vesting and are intended as an informational overview only.  Consumers should not rely on these as...Read more