divorce - still owe parents money

[10g]

i am in the process of a divorce. we borrowed $50,000 from my parents as down payment on a new construction loan. the house (still under construction but almost completed) is for sale. the bank holds the first mortgage. how do i assure my parents they will get their money back when the house sells? is there a legal procedure that should be implemented? Thank you so very much! State of Tennessee resident.

 

[LegalBeagle]

i am in the process of a divorce. we borrowed $50,000 from my parents as down payment on a new construction loan. the house (still under construction but almost completed) is for sale. the bank holds the first mortgage. how do i assure my parents they will get their money back when the house sells? is there a legal procedure that should be implemented? Thank you so very much! State of Tennessee resident.

If you are asking how do you as a couple get the money back from the contruction company, then you should post on the Real Estate board.