Los Angeles Times 01/11/14 • Robert J. Bruss
One of the last things most home buyers think about is how to take title to their new house.
It's best to consult a real estate attorney before deciding but, unfortunately, most homeowners don't do that.
To help with the decision, here are the pros and cons of the five most common ways to hold title to your home:
1. Sole ownership
If you are single, one way to hold title to your home is in your name alone. This method is also called ownership in severalty.
When a married person takes title to real property in his or her name alone in sole ownership, the spouse is usually asked to sign a quitclaim deed giving up any ownership interest in the property.
This might be done, for…