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3 Creative Ways to Owner Finance Your Home

The recession of 2008 left many potential sellers and buyers of real estate without access to credit and financing. When faced with no access to traditional lender financing, like a bank or mortgage company, buyers and sellers came up with creative alternatives.  While the major credit crunch appears to be behind us, buyers and sellers should not forget the creative financing lessons learned in the recession. Here are three methods …Read More

Foreclosures in Tennessee

Tennessee is one of a handful of states which allows non-judicial foreclosures. This means that the lender does not have to go to court to get permission to foreclose on your property. In short, if a lender has a deed of trust (often called a mortgage) that lists your property as collateral, then that lender can sell your property on the Courthouse steps if you are in default. Failure to …Read More

What is a Joint Tenancy with Rights of Survivorship?

A joint tenancy with a right of survivorship is a method for holding title to real property used when you want your joint tenant to have your share should you pass away. Conversely, if the other joint tenant dies, then you would take his/her interest automatically at that time. A joint tenancy can consist of two or more persons holding title to property. How to Create a Joint Tenancy with …Read More

What is a Tenant by the Entirety?

A tenancy by entirety is a phrase that means real estate is owned by a married couple and if one spouse dies, then 100% of title to the property automatically vest in the surviving spouse’s name. This is a very important and simple tool for estate planning purposes because it avoids the necessity of probate when one spouse dies. That is, of course, if you wish for the land to …Read More

What is a Tenancy in Common?

There are several ways to hold title to a piece of real property in Tennessee. A tenancy in common is the predominant method. When two or more people hold title to property and they are not married and there is no additional language outlining their interest in the real property, then they are likely tenants in common. For example, if the deed describes the grantees (the owners) as “Robert Jones …Read More

Top 5 Mistakes in Handwritten Wills

A handwritten Will is a valid method for expressing your last wishes as to whom you desire to inherit from you. Many people choose to write their own Wills to save the expense of hiring an attorney. Others think their estate is too small to warrant getting a legal professional’s assistance. Regardless of the reason for choosing to handwrite your Will, you should be aware of the pitfalls of this …Read More

Can I handwrite my own Will?

Yes, you can handwrite your own Will, but I would not recommend it. While simple in theory, handwritten Wills often are fraught with mistakes that can cause confusion that defeats the purpose. In worst case scenarios, a handwritten Will can be contested and ruled invalid and unenforceable by the Court. Handwritten Wills are called holographic Wills by the Court. In order for a handwritten Will to be valid in Tennessee …Read More

Welcome to Our New Website

Thank you for visiting Johnson, Murrell & Associates, PC on our new website. We hope that you have found the information you need to move forward with your legal matters and that we will be hearing from you soon. We know that there are a number of questions that frequently are asked of our attorneys. Beginning in 2017 we will be posting a series of blog entries here at www.johnsonmurrell.com …Read More