An Act To Clarify Joint Tenancy Reinstatement
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 33 MRSA §159, as amended by PL 1973, c. 788, §164, is further amended by adding at the end a new paragraph to read:
A conveyance by a taxing or assessing authority of real property acquired from joint tenants by foreclosure of a tax or assessment lien mortgage, if made to such persons, recreates the joint tenancy held by the persons at the time of the foreclosure unless otherwise indicated anywhere in the conveyance by appropriate language.
summary
This bill clarifies that a deed held in joint tenancy taken by a taxing or assessing authority by foreclosure that is conveyed back to the owners reinstates the joint tenancy that existed at the time of the taking.