cosigning a mortgage

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Icon Mini Profile maryedemarco

Joined: 11 May 2010

Posts: 1

1.28 Dollars($)
Post Posted: Tue May 11, 2010 1:58 pm    Post subject: cosigning a mortgage

My husband cosigned on our son's refinancing. He stopped paying the mortgage, so we have been paying for all since that time. Which would be better to do - sell the house or just stop paying the mortgage? If we stop paying, what accounts can they attach (ie, joint savings, retirement, 401k)?
Icon Mini Profile riseabove

Joined: 09 Nov 2009

Posts: 277

11.01 Dollars($)
Post Posted: Tue May 11, 2010 3:15 pm    Post subject:

Sell the place. Dont just stop paying - it'll ruin your credit and the debt will still remain
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