How can my inlaws own my house?

Bryanna
My husband and I purchased our house 3 years ago. We used his parents as co-signers. However, they are the ones who own the house. We pay the mortgage and the insurance not them. Right now we would love to refinance, but because we don't own the house we can't do it. My in-laws have never had the income to purchase the house to begin with so they can't refinance it either. Could some one please tell me what went wrong and is there anything I can do to get it fixed...besides having them sell me the house.

Donald
How could you purchase a house and not be on the title? Okay, making some assumptions; your in-laws were the actual buyer because you couldn't qualify for a mortgage. Right? If your credit situation has improved you could buy the home from the in-laws. You would have to buy at a market price so you could get a mortgage to pay off the in-laws mortgage.realtor.sailor

Lisbeth
There is a legal form you can fill out to change who holds the title.Go to the link below at legalzoom.com, it's cheaper than having a lawyer do it and just as sound.

Ena
Have them sell the house to you. Then get a mortgage to buy them out. Technically, all you are doing is paying off the In-Laws Mortgage. And you can get the refinancing you desire. It really would not be a refinance.

Cary
Refinance the house by having everybody own the house -- everyone's name on title.

Annika
If you look at tax records you would know who owns the house. refinance is possible.