Inherited Home

[Matt J.]

My fiancee and I are currently living in the house of her recently passed grandfather. We want to buy it. We can't afford the whole mortgage right now. Her father and mother are the executors of the estate, but her uncle is entitled to half of the home in the event it sells. They want their money now (the aunt and uncle) and her parents aren't in such a hurry. I am curious if we could get a mortgage to buy out her aunt and uncle and work out a sort of contract for deed with her parents. Has anyone heard of an arrangement like this or have other ideas of how this would work? I should mention the house is completely paid off right now.

[Raymond B.]

Hi Matt,

I'll give this post a bump, and hopefully someone will help you.

Raymond