What does it mean by joint tenants right of survivorship?

Property that is titled JTWRS passes directly to the surviving owner(s) and is not subject to probate procedure nor creditor action upon the death of one of the owners.

The statement is misleading. It refers to two different forms of property ownership. A joint tenancy with the right of survivorship creates a tenancy whereby if one owner dies the surviving owner...

No they are different types of real property co-ownership. Tenancy in common is a type of co-ownership where two or more people ("tenants in common") own the property. It is the default tenancy in...

Generally a joint tenant has a right of survivorship in the property. That means if the other joint tenant dies their interest in the real estate passes automatically to the surviving joint tenant...

Yes. If the lender agrees. Only a half interest could be included in the mortgage. However, an experienced lender would want all the owners to sign the mortgage in case there is a default. If only...