Re: Daughter's House in Foreclosure
I have mixed feelings here. Obviously, you don't want to see your daughter and son-in-law out on the street, but at the same time, what the heck were they thinking and where have they been for 9 months? I guess they were afraid/ashamed to admit to anyone that they were in trouble, but unfortunately burying your head in the sand doesn't make your problems go away. It just gives them time to get bigger and bigger.
Are you truly in a position to help them financially without sacrificing your own well being and your future needs? And forget "lending" them money. You should not give them a penny that you can't afford to never see again. Anything you give them should be considered a gift from day one.
I would want to know the answer to the question posed by cicy33. Why have they been unable to make payments? Did they experience some financial catastrophe? If so, did you not know about it? If, however, the problem was self-induced - wasteful spending, gambling, etc. - then I'd say they need to clean up their own mess. That may sound cold and heartless but what would they do if you weren't around, and what lesson are they learning if you swoop in and bail them out? I'm curious to hear how this plays out.
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Steve
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