Quit Claim

[Administrator]

My husband and I were interested in buying a vacation home. We could not qualify for the financiing because we our self employed. So my mother in law financed the vacation home for us in her name. We have been making the payments for the last two years. My mother in law has signed a quit claim deed to us, but we haven't filed it yet because we're not sure what would happen if the mortgage company found out. We still would not be able to qualify because of showing not enough income although we have no problems making the payment every month. I'm concerend if my mother in law passes away and we haven't filed the claim yet with the county. Not sure what is the best move for us? Thanks!


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(Source: mortgagefit.com)