Kissimmee, FL asked in Business Formation and Consumer Law for Florida

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 ?

2 Lawyer Answers
Terrence H Thorgaard
Terrence H Thorgaard
Answered
  • Freeeport, FL
  • Licensed in Florida

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

Phillip William Gunthert
Phillip William Gunthert
Answered
  • Consumer Law Lawyer
  • Orlando, FL
  • Licensed in Florida

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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