They could have chosen to hold it as joint tenants or tenants in common (or in some states tenants in the entirety or community property).Basically, if the attorney didn't see the deed, none of what he said makes sense.

I think people’s view of North County being some kind of hell hole in its entirety is completely unwarranted outside of a few areas like Castle Point (which I also grew up in).

(d) A lender may not exercise its option pursuant to a due-on-sale clause upon--, (1) the creation of a lien or other encumbrance subordinate to the lender's security instrument which does not relate to a transfer of rights of occupancy in the property; (2) the creation of a purchase money security interest for household appliances; (3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) the granting of a leasehold interest of three years or less not containing an option to purchase; (5) a transfer to a relative resulting from the death of a borrower; (6) a transfer where the spouse or children of the borrower become an owner of the property; (7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property; (8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or (9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

I prefer to stay a little more conservative as i'm in it for the rest of my life and am trying to keep my portfolio at 50-60% LTV in its entirety. 

In reality, what this allows you to do is control the flow of your "subs" because you handle the job in its entirety. 

You might consider putting all your real estate in your name only and your big value items in Tenants by the Entireties with your wife. 

I'm not sure you guys read the post (or thread) in it's entirety, but I will do my best to address your comments here as well.

Meaning by the entirety of the loan needs to be payed back to the seller.

Once you make this election those losses are trapped until you sell the Entirety of that grouping. 

)So in order to compare the two offerings you need to evaluate the picture in its entirety.