The Moneyist: My in-laws co-signed on my mortgage—now my brother-in-law lives there at a discount

Dear Moneyist,

My husband has a very close relationship with his parents and they have been kind enough to help us over the years when financing our homes. They helped my husband purchase his first home in 1996, prior to our marriage. He made the down payment and all of the monthly payments while his mother signed on the loan with him.

In 2009, I purchased a home and my father-in-law signed on the loan so that I would qualify. We have always made the payments, property taxes and insurance. Now, many years later, his parents are in their golden years and I often wonder what will happen to our equity if something happens to them while they are still on the loans and deeds to these two homes.

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