The American Land Title Association (ALTA), the national trade association of the land title insurance and real estate settlement services industries, released the following statement recently following the U.S. Supreme Court’s 5-4 ruling in favor of same-sex marriages in Obergefell v. Hodges:
“The U.S. Supreme Court’s decision in Obergefell v. Hodges has a significant impact on property rights,” said Michelle Korsmo, ALTA’s chief executive officer. “Our nation provides numerous protections for married couples that own property. In addition, the Supreme Court’s opinion gives same-sex couples the ability to take title to real property as tenants by the entirety, which is the strongest way to hold title and is reserved for married couples.”
“Today’s decision helps eliminate confusion on determining property rights of same-sex couples who move to a state that previously did not recognize same-sex marriages,” Korsmo added.
courtesy of: http://alta.org/