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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: Mon, 15 Aug 2005 20:13:51 -0500
/ Author of the message: "John A. Weeks III" |
Title of the message: |
Re: co-sign or not ?
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Text of the message: |
In article <1124150297.766751.247190@o13g2000cwo.googlegroups.com>, "Neighbor" <neighborhood@hotmail.com> wrote: > 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. Co-sign means that if she cannot make the payments, then the bank comes after you to make the payments. You basically sign saying that you will take care of her bills in the event that she doesn't pay them. Is that what you want? In general, co-signing is a kiss of death for your credit record. And if you later try to get a loan on your own, the loan that you co-sign is counted against your borrowing ability. That alone might keep you from getting a house in the future. -john- -- ====================================================================== |
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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.