Ok my dh manager at work is moving out of state and he owns a house he owes 2,000 in morgage and wants us to move in and take over payments he eventually also would 1/3 of what he paid on a rent to own basis. He wants 500 a month which is what we are paying now for a two bedroom apt. We would be moving into a 3 bedroom w/ a den that we will eventually own. The only extra bills would be water/trash/sewer and car insourance because he is also selling a truck and honda civic for 300 of which we now have no car. We already struggle to pay bills, but my dh says if we are gonna struggle it might as well be for something that will one day be ours. Should I just go with the flow. I'm not very religious but have been praying for a break could this be it? Any opinions please don't be rude or harsh.
his rich dad bought him a new house, bussiness, and car. He also said if we end up tight on any month he'll work with us and if it's still morgage payoff he'll make sure it's not late and cover it with now late fees.
If this guy has a "rich father" why didn't his father just bring him up to "current" on the mortgage, demand he SELL it-even taking a loss, to be done with it? He's fallen behind on his mortgage, but "promises" he'll help you out?
This guy is taking off to Cali, leaving you to manage his problem. I would bet you do not see hyde nor hair from him once this is a done deal! Rule #1--Never go into business or sign investment type contracts with friends! Friends come and go, and do not owe you anything when the deal goes sour!
Answer by LoriKeet at 12:33 PM on Jul. 17, 2009
Answer by jewjewbee at 7:39 AM on Jul. 17, 2009
Answer by rkoloms at 7:47 AM on Jul. 17, 2009
Answer by hot-mama86 at 8:05 AM on Jul. 17, 2009
Answer by hot-mama86 at 8:08 AM on Jul. 17, 2009
Answer by jewjewbee at 8:11 AM on Jul. 17, 2009
Answer by hot-mama86 at 8:13 AM on Jul. 17, 2009
Answer by Christina807 at 1:07 PM on Jul. 17, 2009
Next question overall
Emberassing question? But does anyone have hormoans off the hook?