My MIL got a home improvement loan from a credit union...?

but now they want her 2 kids and spouses (me included)signatures since they are benificiaries to the house. Will they check our credit? Will my wife and I be responsible for this loan as well as her son and his wife? Is this considered co-signing?

Public Comments

1. If you're on the title, you'll need to sign for the loan. Unless, of course, you Quit Claim off of it. They will run your credit and you will be a responsible party. Unless, of course, you don't sign and then your MIL doesn't get the money.
2. No, it's just a title issue at this point. It's just so they have the correct vesting on the home. They should be quitclaiming all of you off of title, fund the loan, and then grant you back on title. This in no way entitles you to be responsible for the loan. You will not be signing loan documents, just the quitclaim and grant deed. Assuming the case is you are on title right now. If not, that is the weirdest thing I've ever heard of.