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    gleny's Avatar
    gleny Posts: 1, Reputation: 1
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    #1

    Apr 14, 2009, 11:09 PM
    Holding a mortgage for my son and his girl friend
    I am selling a second'nd home of mine to my son and his girlfriend .I want to know what pitfalls I need to be aware of .Thanks
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    Apr 14, 2009, 11:45 PM

    A really good pitfall to look for is the fact that they may not always have the mortgage money and you will be left holding the ball. I guess what I am saying is that in this economy it isn't good to be a mortgage holder. Even if you are being a good parent.

    Tick
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