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Updated over 3 years ago,

User Stats

3
Posts
1
Votes
Jared Derrick
  • Investor
  • Spicewood, TX
1
Votes |
3
Posts

Buying Parents’ House

Jared Derrick
  • Investor
  • Spicewood, TX
Posted

My wife and I are under contract and in the process of buying her parents’ house in Texas as our primary residence.  They are selling it because they are getting a divorce (amicable) and are currently separated.  Her father has already moved and is currently leasing another house out of town.  Her mother still lives at the house we’re buying and we want her to continue living there for many reasons, but a big reason being that we employ her as a nanny.  She is on bi-weekly payroll and taxes are withheld and paid properly.

A title company informed me that there must be “solid evidence that the seller/your mother-in-law will never return to this property” in order to assist me in the transaction.

Is there anything my wife and I can do to allow her to stay, or one day return to living at the property with us?  She is in the process of signing a yearlong lease at an apartment in the same town, but would she ever be able to return to living on the property with us after the yearlong apartment lease had terminated?

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