gmakerley
 Community Mentor


Joined: 09 Nov 2007
Posts: 12376 Location: bloomfield, ct
58.49 Dollars($)
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Posted: Wed Jun 01, 2011 8:10 am Post subject:
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E, it's truly up to your wife and her mom as to what they wish to do with the property. I'd have to think that after 6 years of marriage, you'd be worthy of inclusion as an owner of the home, but that's not my call, certainly.
Typically, a quit claim deed can be used to add you to title. If your wife and mother in law choose to simply add you, they can do that and all three of you would be owners. Another option, if they so choose, is for mom to quit claim her portion of ownership to you, thus making you and your wife co-owners and eliminating mom's ownership entirely.
It's time to sit down with the two of them, express your desire, figure out precisely how you would all like to handle things, and then move forward. A real estate attorney can be of assistance in explaining any aspects of such a transaction to the three of you. _________________ George M. Akerley
Mortgage Underwriter/Consultant
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