Sunday, October 19, 2014

What should I know if I ever buy a house under my name for someone?

My mom recently asked me how do I feel buying a house under my name. She also stated she'd be the cosigner. I know things tend to be worse for the person cosigning if things don't go according to plan but if I go through with this I wanna know how this will affect me if something happens where my mom can't pay the mortgage. I'm only 20 and over worked hard to build my credit. The last thing I wanna do is screw it up because if something were to happen to my mom I wouldn't be able to pay for the house. What should I do and what a risks for me?

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