I bought a house in California. Step dad put in about 300k cash deposited from his account to escrow/seller Mom put in about 50k.
Both told me they were gifts but we never signed anything to show it’s a “gift” and not payable back.. also didn’t sign anything saying I owe x to either
Looking to sell home and will bet about 700k from it. Step dad and myself are on mortgage but my mother is 1/3rd owner on deed with my step dad and my self.
Question here is- during the sale of the house, are signatures required from all 3 people? Who gets the lump pay off from bank/buyer? Me? How do I establish that I don’t owe them anything Incase one of them requests for $$ back even though they told me they wouldn’t?
Thanks
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source https://www.reddit.com/r/RealEstate/comments/suj7zx/issue_with_selling_my_house_where_step_dad_co/
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