questions & answers

Question: My husband and I have bad credit so his father put our house in his name because his credit score is better than ours and we ended up with a great house payment. He hasn't paid anything for this house he hasn't never stayed the night in this house please tell me there is something I can do if he decides to sell house. When we found house we all sat down and had an verbal agreement this house is our. What should I do what are my rights? I feel that I may not have a lot of time can I stop him or have everything halted until someone can do an investigation.

Answer: Your father-in-law may transfer the ownership by deed or other conveyance to you and your husband. According to Arizona Revised Statute 33-401.A, the instrument needs to be in writing and signed by the grantor (this case your father-in-law) and properly recorded. It may be in your best interest to apply for your own funding and purchase house from father-in-law. You may have higher payment, but it would be your home. Also, Arizona Revised Statute 44.101.6...verbal agreements need to be in writing and signed by the person to be charged. This is especially true with real property. I would also highly recommend you contact a real estate lawyer to help guide you through this.