Loan from inheritance for house...

[sillywalks]

My mom loaned me (and my siblings) a large amount of money for a deposit to buy my house. She and I signed a contract that indicates that money comes as a loan from my eventual inheritance (when she dies). Is that enough to protect any equity (if there is any) in my house? If any, the most equity I would have in the house is $20-$30K. I honestly think in this market that there is probably $0-$10K.

If the contract we signed is not enough, what would my mom need to do to make it legally binding for the bankruptcy?

[keepmine]

Your post is a bit confusing {to me anyway}.
Do you have a mortgage through a bank or, is the money your mom lent you used to buy the home and you're repaying your mother?

[sillywalks]

clarification

I have a bank loan for the mortgage for $190K. My mom loaned me $125 from my inheritance -- part of that went to the downpayment, about $50K went to finishing the basement. I refi'd the house at the end of 2008 to help pay down some debt and $30K in medical expenses.

Thanks!