lataylor2010
New member
- Jan 12, 2009
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his own family's future to help? should son help repay a $60,000 loan that his mom(85) cosigned for her grandson who has a drug problem and won't pay a dime? The son's wife does not want to jeopardize her own family's future, but the son/husband wants to. The banker says whatever the son/husband pays will be added to his share of the house after his mom dies. But what is the difference between paying down the loan or putting it in a savings acct.---he is still going to get his share of the house and when he makes monthly payments now on the loan, there is a good chance his other 2 siblings won't want to sell the house at all after the mom dies. So I say.... do not pay it that it is not our responsibility and we have 2 kids to send to college. what do you think out there?