Posted on: 11th Feb, 2009 02:25 pm
I have a problem with my house. My parents-in-law applied for the loan because my husband and I were not yet qualified to apply for the loan 2 years ago. We paid 10% downpayment and are regularly paying the mortgage now. We would like the loan to be transferred to our name and we would like to know our options. Help, please....
Sounds like your parents-in-law actually own the house but your making the payments. Looks like you'll need to purchase the property from the in-laws. Did you give the parents the 10% to put down on the house when they bought it?
Look into this as I did and did not have to purchase the house. I have a loan with citi and was able to use them today with this process.
Yes, all the money came from us. We just used them to get the loan approved...
Please let us know how it turns out.
