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Parent Emeritus
To cosignn or not to cosign..... ugh
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<blockquote data-quote="Nancy" data-source="post: 429782" data-attributes="member: 59"><p>I'm sure we will be in this situation at some point also. I think we have already decided that we will cosign for an apartment for her if she is clean and sober and has a job. In the end it is the best alternative other than just letting her live on the street, but that would be a sure road to relapse. It's wise to check with the landlord yourself before signing to make sure you know exactly what you will be on the hook for. If the apartment building is filled to capacity, you may only lose the security deposit and one month rent. In any case, we know our kids are not in the position to be able to get credit on their own and we don't want them living with us. What is the lesser of two evils? That assumes you can afford the money you will be out of course.</p><p></p><p>If he is clean and sober and you are happy with the progress he is making, this could be a turning point in making him more self reliant and responsible.</p><p></p><p>Nancy</p></blockquote><p></p>
[QUOTE="Nancy, post: 429782, member: 59"] I'm sure we will be in this situation at some point also. I think we have already decided that we will cosign for an apartment for her if she is clean and sober and has a job. In the end it is the best alternative other than just letting her live on the street, but that would be a sure road to relapse. It's wise to check with the landlord yourself before signing to make sure you know exactly what you will be on the hook for. If the apartment building is filled to capacity, you may only lose the security deposit and one month rent. In any case, we know our kids are not in the position to be able to get credit on their own and we don't want them living with us. What is the lesser of two evils? That assumes you can afford the money you will be out of course. If he is clean and sober and you are happy with the progress he is making, this could be a turning point in making him more self reliant and responsible. Nancy [/QUOTE]
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To cosignn or not to cosign..... ugh
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