Here goes dh and I live quite comfortablly right now. For the past 3-4 years we have been getting his parents out of a financial bind. Last year I got fed up with it and put a stop to it. His parents own 2 houses on 2 properties it has been in the family for years. MIL has a money problem where she goes out and take out a second mortgage every few years. MY sister and her husband is now living in one of the houses(we married brothers), when they refuse to make payments MIL calls dh to make payments. We have been bailing them out all this time where our little savings has been dwilinding. Anyways last night he comes home and says that his mom want for him to put the house in his name and take out a loan to make the payments go down(but they will continue to may the mortgage). They say the bank want them to pay $5000 a month and they are trying to get the payment down that is why they asked him to put it in his name. I am piss. For one MIL should have included me in the conversation. Second, dh already agreed to help them out. MIL says that they owe only $75,000 but she told my sister and BIL she only owe $50,000. I went on line today and found out they have taken out numerous home loans since 1988 I can't even count on both fingers how many they took out(both MIL and FIL has taken loans out separetely). I tried telling dh that something is not right about the situation but he thinks that his momma shit dosen't stink. If they can't pay their mortgage now what makes you think they going to pay it once it is your name(that is what I asked him). We have our own family to think about, I am going back to school and have to pay tuition, we owe IRS, we have 2 kids that every time we turn around they need something, and we have been saving up to get our dream house built. I think helping them out will open up a can of worms. I am to the point that where i feel like kicking his ass out, because he is not thinking anout HIS family. I need some advise ladies.
Answer by NannyB. at 12:55 PM on Feb. 15, 2011
Answer by gdiamante at 12:43 PM on Feb. 15, 2011
Answer by jilligan362 at 1:50 PM on Feb. 15, 2011
Answer by Scuba at 12:41 PM on Feb. 15, 2011
Answer by Mommyto2LilMen at 2:09 PM on Feb. 15, 2011
Answer by Scuba at 5:23 PM on Feb. 15, 2011