Real Estate Law
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You can have parents as co-signers on the loan for the home without having them on the actual title. If they are on the title, then if one or both of them pass, then that interest would go into their estates unless it is listed as a "joint tenancy with right of survivorship". As each owner passes, their interest would then extinguish leaving the last surviving owner as sole owner without any further action necessary.
So if parents are going to be on the title, it should be along with you as "joint tenants with rights of survivorship" to ensure that when someone passes, their interest doesn't go into their estate and have to go through probate.