Q: My mother in law is retired and wants us to keep her home how can we protect our selves ?
My mother in law retired and she moved to El Salvador she wants us to take over her morgatge and she wants us to keep the house and pay for it , but how can we protect our selves from her not trying to get her house back in a future ?
A: You would ask her to give you a deed to the property. Be sure to ask the mortgage lender to agree, so as not to trigger the due-on-sale clause of the mortgage.
Phillip William Gunthert agrees with this answer
A: Some version of a deed needs to be created to give you a protected partial or full interest in the property, I would encourage you to speak with a real estate or estate planning attorney, if she intends to return to the U.S. you need to discuss this as well potentially.
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