Legal Question in Real Estate Law in Connecticut
taking over mother in laws mortgage
my husband and i made an aggreement with his mother to buy her house. we would not be buying the house from her but taking over the mortgage payments we will occupy the house and she will live in the apartment above the garage. we had her refinance the house to include taxes, insurance, and protection insurance so if she dies the house is paid in full.
my question is how do we put this all in legal writing that she is recieving no money for the house that we are paying the mortgage and have taken over all responsabilities and that she can not make us leave the property, because we own it but it is still in her name. please help!!!
1 Answer from Attorneys
Re: taking over mother in laws mortgage
It sounds like you could have mom quit-claim the property to you. Of course, I would need to better understand exactly how you are structuring the deal, but that sounds like what you want.
Call me if you like and we can discuss.
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