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Daughter's Credit Problem

  Can I sign as a co-buyer on a daughter's contract to buy a home in florida? Her credit is not bad, just doesn't have much of it. Mine is excellent. Thanks. Nancy
 
  Yes, you can certainly co-sign your daughter's mortgage loan.  Once you have done that, you will be personally liable for the whole debt if she doesn't pay it.  Your credit record will show the entire amount as your debt.  (Hers will too.)
    Edith
Originally published on May 2, 2008
 
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