Collection/owning home

Hi! My Mother-in-law is helping me and my (common-law) husband and our kids purchase a home. She has got a loan in her name and going to transfer the money to one of our accts., as our credit is not very good. We mostly have medical collections that I would totaled all together are not over $10,000. I also have a student loan of around 8,000 that is not in default. What we were wondering is would it be a good idea to put it in our name at this time?

Asked over 6 years ago in Fort worth, Texas
Categories: Contracts  Real Estate  Debt & Bankruptcy  Agricultural & Rural Law  Business Law  General Legal Questions  Legal Aid  Health

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As in they could take our home or put a lien on it. And if they did would it eventually drop off? Just really confused about the situation.

Posted over 6 years ago

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