- Jurisdiction
- North Carolina
I know this is a long story but I want you to know how I got in this situation.
In 2014 I was in the proces of buying a house, I had saved enough for closing costs etc so I tried to get one of those government assited loans for the disabled that dont require dwnpayment. However because of a lender mistake I then had to pursue a conventional loan. I had no trouble qualifying because I had a credit score of 820, but it also meant now I would have to come up with over $20k for dwnpymt and closing. Long story short my dad offered to get a VA loan with me on the loan, I didnt want to do this because I have always owned my own home since I was 17 without any help! I found the house I wanted and after 6 months the lender screwed up and told us, oh by the way you can't be on the loan because VA only allows spouse to be on loans. I offered to forget the whole thing but my Dad wouldn't go for that, love his heart. I changed lenders and dad is on the loan solo but I paid all cost etc. and have the pymt drafted out of my acct each month never late and pay all cost for upkeep etc.
The agreement we made is that after the loan went through he would put my name on the deed and if he passed I would have no problems. However when we went to sign the closing documents the lawyer asked my mother to come so she could sign. Since I had been in a major car accident 2 days prior to signing I was in too much pain to protest. The lawyer was included in the discussion about putting me on the deed. When I talked to my dad about changing the deed my mother said she wasnt going to sign anything! She is bipolar and that is why I didn't want her on the deed or anything else I own! So now I dont know what to do, I fear she may try to take it from me when my dad dies and give it to my deadbeat brother!
As it stands now if my dad dies it will be hers but there is one thing that may be a problem for her and it's that they both signed a postnup to relinquish all rights to all property etc if they die. Another one of my mother's bipolar ideas!
So what recourse do I have to ensure I get to keep my house?
PS: My dad is 88 and not in good health I dont want to stress him out either, he is not my biological father but he is my dad!
In 2014 I was in the proces of buying a house, I had saved enough for closing costs etc so I tried to get one of those government assited loans for the disabled that dont require dwnpayment. However because of a lender mistake I then had to pursue a conventional loan. I had no trouble qualifying because I had a credit score of 820, but it also meant now I would have to come up with over $20k for dwnpymt and closing. Long story short my dad offered to get a VA loan with me on the loan, I didnt want to do this because I have always owned my own home since I was 17 without any help! I found the house I wanted and after 6 months the lender screwed up and told us, oh by the way you can't be on the loan because VA only allows spouse to be on loans. I offered to forget the whole thing but my Dad wouldn't go for that, love his heart. I changed lenders and dad is on the loan solo but I paid all cost etc. and have the pymt drafted out of my acct each month never late and pay all cost for upkeep etc.
The agreement we made is that after the loan went through he would put my name on the deed and if he passed I would have no problems. However when we went to sign the closing documents the lawyer asked my mother to come so she could sign. Since I had been in a major car accident 2 days prior to signing I was in too much pain to protest. The lawyer was included in the discussion about putting me on the deed. When I talked to my dad about changing the deed my mother said she wasnt going to sign anything! She is bipolar and that is why I didn't want her on the deed or anything else I own! So now I dont know what to do, I fear she may try to take it from me when my dad dies and give it to my deadbeat brother!
As it stands now if my dad dies it will be hers but there is one thing that may be a problem for her and it's that they both signed a postnup to relinquish all rights to all property etc if they die. Another one of my mother's bipolar ideas!
So what recourse do I have to ensure I get to keep my house?
PS: My dad is 88 and not in good health I dont want to stress him out either, he is not my biological father but he is my dad!