Friday, April 30, 2010

If you pay someone's mortgage for 6 months are you intitled to own that property?

I have a house that my mother-in-law and I both owers. for the past year my mother in law left to go back to her country for a year. I was stuck with paying the mortage. I could not pay the mortgage myself so I go behind and had a modification. Now after a year and a half, she wants to move back in to the house. Is there anything I can do?If you pay someone's mortgage for 6 months are you intitled to own that property?
Do about what? You each own half the house.





She is as entitled as you are.If you pay someone's mortgage for 6 months are you intitled to own that property?
See if you can reach some sort of agreement with her. Perhaps you can get a credit of for something like 3 months of payments + interest, should the house be sold. This would not require her to come up with cash now, but would protect your interest.





I do not think that you can legally prevent her from returning to her own house. Just tell that you need her share of the missed loan payments or an agreement to pay in the future. Maybe in payments or deferred until the house is sold. I would also limit it to something like 5-10 years in the future.





This question should be directed to an expert real estate attorney.
It all depends if you have a formal contract between you and your mother-in-law in regards to ownership. Paying the mortgage for only 6 months doesn't entitle you to full ownership, maybe a portion, but not full. It also depends on who is listed on title. If the both of you are on title then you are each part owners, regardless if your name is on the mortgage or not. I'm assuming that you are on the mortgage since you modified the loan without her signature - since you said she was out of the country. Generally, if you are on the mortgage, then you are on title.





As to what you can do with her wanting to move back in.....well that's up to you and your spouse.
Be very, very nice to her, and try to get her to pay you back what she should have been paying, even if it takes her some time to do so.


But I am a little confused here. Your question states that you paid 6 months, then you say that she left for one year and you were stuck with the payments, and at the end, you say that after a year and a half she wants to move back. I hope you won't be as confused with the time period when you speak to your mother-in-law
yes, welcome her back with loving arms and learn better how to communicate; such as ';while you are gone, how shall we


both accommodate the mortgage?





Let her rep her position and if she has none, you are welcome


to force a sale of the house to get reimbursed.
Yes, you can have her pay the entire mortgage for the next year and a half. If that doesn't work, then have her sign a quit claim at the local Real Estate attorney's office. Then you can charge her rent.
If your both on the deed... no

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