Blue Springs, Missouri
Blue Springs is a city in Jackson County, Missouri and is a satellite city of Kansas City, Missouri. The population was estimated at 53,885 in 2006.[3]
Geography
Blue Springs is located at  39°1′4″N 94°16′28″W / 39.01778°N 94.27444°W / 39.01778; -94.27444 (39.017794, -94.274421)[4]. According to the United States Census Bureau, the city has a total area of 18.2 square miles (47.2 km˛), of which, 18.2 square miles (47.1 km˛) of it is land and 0.04 square miles (0.1 km˛) of it (0.16%) is water.
Demographics
As of the census of 2000, there were 48,080 people, 17,286 households, and 13,362 families residing in the city. The population density was 2,642.7 people per square mile (1,020.5/km˛). There were 17,733 housing units at an average density of 974.7/sq mi (376.4/km˛). The racial makeup of the city was 93.18% White, 2.93% African American, 0.43% Native American, 0.97% Asian, 0.11% Pacific Islander, 0.83% from other races, and 1.55% from two or more races. Hispanic or Latino of any race were 2.76% of the population.
There were 17,286 households out of which 42.5% had children under the age of 18 living with them, 63.1% were married couples living together, 10.5% had a female householder with no husband present, and 22.7% were non-families. 18.1% of all households were made up of individuals and 4.8% had someone living alone who was 65 years of age or older. The average household size was 2.77 and the average family size was 3.16. In the city the population was spread out with 29.5% under the age of 18, 8.7% from 18 to 24, 31.9% from 25 to 44, 22.8% from 45 to 64, and 7.1% who were 65 years of age or older. The median age was 33 years. For every 100 females there were 95.8 males. For every 100 females age 18 and over, there were 92.3 males. The median income for a household in the city was $55,402, and the median income for a family was $61,008. Males had a median income of $41,373 versus $29,688 for females. The per capita income for the city was $23,444. About 3.9% of families and 4.8% of the population were below the poverty line, including 6.0% of those under age 18 and 5.9% of those age 65 or over.
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When two or more individuals own property together, each one owning an equal interest and having equal rights in the property including the rights of survivorship, it is referred to as joint tenancy. Any of the joint tenants may transfer his or her interest in the property to another party, but this dissolves the joint tenancy and creates a tenants-in-common interest with respect to the other parties whose names are on the title.
The most important feature of joint tenancy is the right of survivorship. A joint tenant cannot will his or her interest in the property to others. The surviving joint tenant (or tenants) simply becomes the owner or owners of the property without going through the probate process, which can involve expensive legal fees and may take months to resolve.
It is important to get professional advice when you plan to buy and hold title to real estate with another person.
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What does "contingency" mean in real estate?
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| A |
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence." |
 See More Real Estate Trivia > |
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