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Parent Emeritus
To cosignn or not to cosign..... ugh
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<blockquote data-quote="HereWeGoAgain" data-source="post: 429137" data-attributes="member: 3485"><p>Probably what will happen is you'll have to pay out the rest of the lease or take a big hit on your credit, and forfeit the security deposit. They may not demand full payment if you or they can find another tenant, but I wouldn't count on it.</p><p></p><p> I think that what that means is that they have three levels of qualification - qualified, qualified with cosigner, or not qualified. If he and girlfriend are deemed "not qualified", then you being prepared to co-sign still won't get them in.</p><p> </p><p>Sorry you're in this situation. It's good that he is staying off drugs and working, and I understand you wanting to help him stay that way. Good luck, whatever you decide.</p></blockquote><p></p>
[QUOTE="HereWeGoAgain, post: 429137, member: 3485"] Probably what will happen is you'll have to pay out the rest of the lease or take a big hit on your credit, and forfeit the security deposit. They may not demand full payment if you or they can find another tenant, but I wouldn't count on it. I think that what that means is that they have three levels of qualification - qualified, qualified with cosigner, or not qualified. If he and girlfriend are deemed "not qualified", then you being prepared to co-sign still won't get them in. Sorry you're in this situation. It's good that he is staying off drugs and working, and I understand you wanting to help him stay that way. Good luck, whatever you decide. [/QUOTE]
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To cosignn or not to cosign..... ugh
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