Ok here's the deal. i have been renting a 2 bedroom 2 bath patio home for three years now. My credit is screwed and i just had a repo AND i don't have much in the way of savings so i have not pursued buying my house or any other house. My landlady called me today. She's been looking into refinacing the house to get some money out of it to put into her business which, from what i am hearing, is struggling at the moment. Maybe just maybe this little infusion of cash she's looking for will be what takes her business to the top. Or maybe not, but i digress.

Anyhow, she knows how my credit is and she called today asking if i would want to buy the house, and if i did, she would co-sign the note. She says my payments should be the same or probably less than what I'm paying in rent.

Does anyone see a downside to this, assuming of course that everything goes as she has indicated?

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TXBill



Former owner of a few diesel MB cars
1998 Lexus ES 300 In Chicago We Trust