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Parent Emeritus
Co-signer needed
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<blockquote data-quote="rejectedmom" data-source="post: 427652" data-attributes="member: 2315"><p>Ask yourself what will your liabilities b eshould they fail? Will you be forced to pay the rent for the remainder of the lease? Can you afford to do that that? If you can't your credit score will take a hit. Can you sublet it? If so get it in writing signed by all parties including landlord and have it notarized that son and girlfriend will move out if they can't maintain the rent so you can rent it out. Even with this in place I see alot of difficulties with getting them evicted should they balk when the time comes etc. Remember if they fail you are ultimately responsible for the duration of their lease.</p><p>go into this with your eyes open. Do not let yourself feel guilty if you decide against it. They are adults reaping the consequences of their own actions.</p><p> Personally I have never and won't ever co-sign anything for any of my children (or anyone else for that matter) even if they are doing well. That said I do realize that sometimes it is a little boost up that gets people to suceed. -RM</p></blockquote><p></p>
[QUOTE="rejectedmom, post: 427652, member: 2315"] Ask yourself what will your liabilities b eshould they fail? Will you be forced to pay the rent for the remainder of the lease? Can you afford to do that that? If you can't your credit score will take a hit. Can you sublet it? If so get it in writing signed by all parties including landlord and have it notarized that son and girlfriend will move out if they can't maintain the rent so you can rent it out. Even with this in place I see alot of difficulties with getting them evicted should they balk when the time comes etc. Remember if they fail you are ultimately responsible for the duration of their lease. go into this with your eyes open. Do not let yourself feel guilty if you decide against it. They are adults reaping the consequences of their own actions. Personally I have never and won't ever co-sign anything for any of my children (or anyone else for that matter) even if they are doing well. That said I do realize that sometimes it is a little boost up that gets people to suceed. -RM [/QUOTE]
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