Thank you KrisD15 - your reply was exactly the information I needed.
When I said, they are the owner, I should have said technically, because they are acting like the owners in everyway except having the loan in their names. When their credit history is restored they will be taking over the loan or getting a new one.
I make nothing on this arrangement neither do I incur an expenses.
The biggest issue for me was what to do with the 1098 Mortgage Interest statement. I had thought of not entering it my tax return, though I wasn't sure that was allowable. But now that you cleared that up, I'm good to go. I didn't need the deduction and did not want to claim interest and property taxes I am not paying.
Again thank you for the quick and informative response.
Sincerely, John
