Need help with our situation

Grantors are the ones 'selling' or transferring a property from them to someone else. In this case, the someone else is your parents and you. If title really is in both of your names, I don's see how (or why) a lender would grant a HELOC to you exclusive of your parents. If your parents stop making payments on their loan, it should not impact your credit, but a foreclosure is likely to cause you to lose the home and more importantly it is likely the HELOC lender will come after you for payoff of the balance on it, and more importantly, brand you with a foreclosure because your name is on title and the foreclosure is likely to end up ruining your credit as well.Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, MO, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300