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Father In-law Want To Gift House, Still Mortgage In Bank And Have Another Problem.

Hello beautiful community I been reading a while and I don't know what to think, I'm apologizing in advance if the flair is wrong.

Basically my father in law got a house about 7 years ago, he got remarried, relocate in rent trailer-house with his wife, and that house that he bought basically started renting it.

Now is when everything starts to get twisted:

After maybe 1 year the renter ask him if will be a possibility that the house can be transfer it to him, in "exchange" he (the renter) will rent a house that he have, with possibility of own it, basically kind swapping houses, my father in law agreed, sign paperwork saying that the renter will take over the payments of the house and deed will be on his name when the house payments are done (the paperwork was nothing official in court, just notary)

After that they were paying each others a rent, no problem, but take my father in-law by surprise that this past week, the other guy told him that he needs to leave in 1 month since the taxes of the house were never paid in the time they were there and they owned so much on it and the mortgage payments were accumulated it because he was going thru a divorce and he basically make payments just to avoid losing the house, but the bank had enough so my father in-law is homeless now, thinking about leaving to another state, but he wants to fight to get his house back.

The payments on the bank, the receipts, the name on the bank, the "deed", tax payments, everything is under my father in-law, he wants to know if he can just "gift" or legally transfer the house to my wife, for us to keep the house and live in there since we renting at the moment.

Apparently he talked to a lawyer and they said the "paperwork" he signed wouldn't be a problem, but now I think is just to much in this twisted situation.

Can be possible for him transfer it without problems? Or that paperwork he sign is gonna be a huge problem in the way?

submitted by /u/jjhonnz
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Father In-law Want To Gift House, Still Mortgage In Bank And Have Another Problem.

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