Thank you for your response....I have an additional question before I seek a local specialist's advice...
"When you sell all owners on the deed will get a 1099-S to report the sale so you will need to get him off the deed before you sell which he may not allow. "
I was told he cannot take off his name from the deed because his name is on the mortgage and his mortgage company will not allow us to do so. What is the issue here? It sounds like 50% of sales proceeds will go to him if he receives a 1099-S although our settlement says all proceeds go to me. Is that what you are suggesting?
