@NCperson - My parents bought the house for me and my wife as we did not have great credit. We paid them the monthly mortgage but their name was on the house. Once our credit got better, we purchased the rest of what they owed, for $82,000. The house was originally purchased for me. We paid for what was left on the original mortgage. The house is worth about $350,000 (from appraisers and realtors).
