My in-laws were sued over a credit card that they didn''t pay. The credit card company recieved a judgement against them. Now, they took the money from
their checking account. My mother-in-law is very ill, on kidney dialysis. The card was used for medications. The house where I live belonged to them. I bought it from them making payments to them instead of a mortgage company but it is still in their name. How can we transfer the deed to me so the company cannot take my house?
Without all of the facts I cannot give you specific advice. This is a complicated question with a lot of variables in play. I suggest you meet with an attorney in person and discuss your options. If there is a large mortgage on the home, it may be protected. Your in-laws may want to consider bankruptcy. The mortgage could possibly be assignable and a deed transfer may be another option. I suggest consulting with an attorney sooner rather than later.
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