Legal Question in Real Estate Law in Oregon
Purchasing parents home - what do I do
My husband and I want to purchse his parents home from them before they go into assisted living. No real estate agent. How do I figure out the legal paper work that needs to be completed?
Asked on 4/12/06, 10:27 pm
1 Answer from Attorneys
Susan Burns
Law Office of Susan Ford Burns
Re: Purchasing parents home - what do I do
The short answer is to see an attorney. There are a variety of ways that this transaction can be accomplished. For example, are you going to get a new loan from the bank, or are you going to make monthly payments to the parents, giving them an income. Each type of transaction requires different paperwork.
We offer a low cost initial consultation to help give you information about the various options.
Answered on 4/13/06, 12:24 pm
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