Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
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I have read your comments, but am not sure what your legal question is?
Are you asking how to go about buying the house from mother?
Is there any current mortgage on it?
Ok, then you just need a purchase contract, which you can get at any office supply store, or online from a site like USLegalforms.com. Then you both fill in the terms of the agreement where you are buying the property and the price.
If you are using a local real estate attorney or closing/title company to do the closing, they will then prepare the deed, mortgage, Note, and settlement statement for you.
Once the closing occurs, mother will sign over the deed to you and it will be recorded. You sign a mortgage and Note over to her and she records the mortgage and keeps the Note in a safe place.
That is pretty much it other than paying the closing company or real estate attorney for their services.
As an aside, I used to be a closing attorney for 4 different lenders..
I just wanted to touch base with you and check in.
Did you have any further questions I can help with?