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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 15 Aug 2005 16:58:17 -0700
/ Author of the message: "Neighbor" |
Title of the message: |
co-sign or not ?
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Text of the message: |
Excuse me for my naiveness, it is my first time thinking buy a property. I did a favor to a friend who happens to have several properties. She wants to return a favor by letting me co-sign one of her condo. Her deal is 0% down and I get mortgage from bank. As naive as I am in real estate, it is my first time to hear "co-sign". I heard that people do not co-sign because of legal liability issue. But in this case, the risk is on my friend instead of me, right? I actually have the ability to stretch out to buy the condo completely. But with only about 5% down available, my friend advised that I will be wasting much money on insurance. Is co-sign a real good option? Thank you for your advices. . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.