I hope this is the right category for this question. About a year ago, my father in law helped us out by first offering to provide the down payment for a home. After we discovered an issue with our credit, he ended up purchasing the home in his name. The end goal is for this to be our home, in our name, and our equity as when child #2 comes along we will need to upgrade. At closing, it was stated that I order to take ownership of the property we would have to from a Land Contract. My father in law is a farmer and a reasonable man who says “if you want something from me, okay, but you have to do all the leg work.” (Which means, I bring him forms and documents for the land contract, he signs them and goes about his farm with little to no hassle to him.) I’m looking for help getting started with this but I’m not sure where to start. Layer? County municipal building? RE agent? My wife belongs to the same bank that the mortgage was originated and she pays the monthly mortgage payment directly to the bank each month, I just paid property taxes not too long ago, all utilities are in my name. The only thing in his name is insurance (which I set up) and the title. Any and all help is much appreciated.
