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Personal Finance and Investing

A HERETIC I AM

(24,362 posts)

4. Mortgages are absolutely NOT my forte', but I have a question....

Reply to roscoeroscoe (Original post)

Fri May 6, 2016, 11:57 AM

May 2016

Reading your OP leads me to believe neither you OR your wife live in the house? IS that right? Or am I missing something?

You said "because we're not living there"

If that is the case, why are her parents paying such a small percentage? Is this a case of 'well, they're family and all'.....?

If so, I understand, but...wow...what a bargain for them. What would happen if you told them the rent is going to have to double? Could they swing it? Seems they are taking advantage of a situation that you can hardly afford.

The legal questions I have no idea of at all and I agree with the suggestion of seeing a specialist.

You're in a pickle, no doubt. I hope for an amicable resolution.

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Highlight:

could you share your thoughts about refinance please? [View all] roscoeroscoe Aug 2015 OP

$50 or $100 towards a consultation with an accountant will be worth your while. Hoppy Aug 2015 #1

What Hoppy said. SheilaT Aug 2015 #2

shop around a lot.. Fresh_Start May 2016 #3

Mortgages are absolutely NOT my forte', but I have a question.... A HERETIC I AM May 2016 #4