loan modification: Parents who co-sign take a stand on Short Sales - 08/13/12 12:19 PM
Parents who co-sign on a mortgage need to take a stand on short sales.  Many parents have co-signed for their son or daughter helping them purchase their dream home.  However, the co-signer never intended to become liable on the mortgage as their son/daughter promised to make the payments on the mortgage.  With the change in our economy, many co-signers are left holding the bag or should I say the debt from a mortgage on a home that is upside down.  Everyone has mixed feelings as to how to proceed in this situation.  Co-signers never intended to be completely liable on the … (3 comments)