I have had my mom's home listed for sale by owner for about three months. Currently, my BIL is living there and paying rent. He really wants to purchase the home along with his girlfiend but there credit is not that good. He has asked my MIL to go to the bank to cosign with him. I'm not so sure that is a great idea. MIL is 84 years old owns her homes gets a pretty good pension and has money in the bank. The house and the lot are only 60K and I guess if he gets mortgage insurance it will be ok. I just hate to see her cosign with anyone for anything but again, I would love to see my BIL get the house.
Keeping my fingers crossed - or shoud I
April 17th, 2009 at 08:13 am