Hi! My mother put up a down-payment for a house and lot under the name of my elder brother and his wife with the condition that the remaining balance will be paid by them through the developer's in-house financing. Now come the monthly loan payments, my brother is not able to pay them. So me and my wife assumed the loan payments and after several years we are now up to our last few month's payment. However, under the developer's records, the buyer is still my brother and his wife.
My question is: What document do I need my brother and his wife execute so that they are waiving their claim to the property and appoint me and my wife as the rightful owner? I am just afraid that my sister-in-law will not give up the property even though she knows that they have not paid a single centavo on the property.
Thank you for any advise.
My question is: What document do I need my brother and his wife execute so that they are waiving their claim to the property and appoint me and my wife as the rightful owner? I am just afraid that my sister-in-law will not give up the property even though she knows that they have not paid a single centavo on the property.
Thank you for any advise.