taxproblem
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Hi , I would greatly appreciate some help . Here is our situation :my parents bought a house in 2006 as I couldn't get a mortgage on my own for that amount of money at that time . . I live in the house since with my grilfriend then 'now wife and we have one child . In 2011 we were both made redundant and we had to retrain , now we are back working with permanent positions . We approached few banks to c if we can get a mortgage (we are both first time buyers ) and the max we were offered was 230000. We would love to buy this house as we did so much work in it and we really feel attached to it as we live here for 10 years now. My question is can my parents sell the house to us at 230000? What's is going to happen with the rest of the loan ? Also we are the once paying the mortgage , property tax and all the Oder payments for the house , practically we are like owners just not in papers . Thanks in advance .
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