Unlike personalty, which loses much of its value when it is resold, real property generally appreciates when it is given reasonable care and maintenance.

The transfer or sale of real property must be conveyed in writing.

Compare Personalty and Personal Property.

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1. Protecting your claim on real estate - during your divorce
   Sometimes a marital property will only have one person’s name on the deed. This may be because of the original financing requirements, an inheritance, or a past effort to protect assets. If this is the case you must take steps to protect the property during your divorce. Otherwise your spouse could deed the property away in an effort to protect it from possible division at the end of the divorce.
   
   The easiest way to protect property is to file a Lis Pendens in the local Clerk of Court office. A Lis Pendens gives warning to the public that the property is at issue in a pending lawsuit. Once a Lis Pendens is filed your spouse will have difficulty transferring the property. And if the property is then transferred, a Lis Pendens will assist you in getting the property back.
   Contributed on 9/26/2008 by: The Divorce Center PANew Port Richey, FL[Total Submissions: 1]

   Category: Property Division  (Applicable in All States)

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