She asked us to take care of her and ill dad the rest of their lives. We bought a house together to get them out of their inadequate home before we sold it, and got an all interest loan on a house, expecting to pay the balance with the $$ of her old home. We told her we had no $$ and she promised to pay for 1/2 the house if we would take care of them. She pays 1/2 mtge. for her and dad, we pay the other 1/2. She has agreed to pay a mo. payment, but it is interest only for 10 yrs. She refuses to put any more $$ into the house after promising this to us for nearly a year and says she never agreed to do it. However, she did sign a contract at closing agreeing to be 1/2 owner. Now we will both be paying interest for 10 years, then a mtge of $2500/mo afterwards if we cannot put any $$ into the principal. We have rt. to svvrshp, but we cannot to pay the whole amt/mo. if one of them dies. We just found out she gave that house $$ to her girls. We can't sue. How can we keep the house?
2007-12-20
10:24:16
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13 answers
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asked by
BT51
2
in
Renting & Real Estate