Open Question: My dad passed. My mother, 70 yrs old, now wants me to buy their house. Good idea?

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My papa was on a pension. My mom is disqualified to obtain his pension. She has no income. My dad's chronicle shelter mitt her $90K, but they also had debt, including a $20K credit bill debt. My mom is today worried most losing the house. My mom's professional suggested I acquire my mom's concern (they lived there for 24 yrs) and she module clear me rent.Their mortgage is most $1800 per month. My anxiety is that my mom does not control money substantially (she loves the casinos). My papa took care of stipendiary their bills. She may verify plus of me(because I'm family) and not clear me the lease in a opportune manner. And I can't give my mortgage and my mom's too! Plus what if she out lives her money? Buying a ordinal bag sounds like a beatific investment, but purchase my mom's bag strength be trouble. Anything I should be afraid with before language the bottomline? I currently acquire $70K per yr and hit most $38K in my savings. My 30 yr mortgage is $720 per month. No other debt. My mom said the money she gets from commerce the concern to me module earmark her to clear me rent. I hit a brother, but he's unemployed and business stuggling.Other Articles:

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