Posted on: 17th Aug, 2012 04:28 pm
A family member is paying off my loan that is in my husbands name and mine. What kind of legal papers would you recommend us signing that will keep us safe from losing the equity we have payed into the house?
Why would you lose the equity in your home? Are you worried the family member would have some claim or that the lender will cause trouble?
The person is elderly,Im thinking if he passes my house will be up for grabs in his estate ti his children and if something happens to my Ill husband I could be living in the streets.I just see so many bad storys that Im scared to death of signing anything.But would like to know what kind of paper work to avoid that would hurt me in the long run?
Hi gumbo,
It will be better if you could contact an attorney and take his opinion regarding the documents. He will better assist you in this regard.
Thanks
It will be better if you could contact an attorney and take his opinion regarding the documents. He will better assist you in this regard.
Thanks