Parents Co-signed on Mortgage
November 14th, 2007 by Questions
We are considering either a consumer proposal or bankruptcy. We will meet with a trustee in Quebec.
Unfortunately, a few years ago my father co-signed our mortgage because it was abit over our `heads`. Now this reality has bitten hard!
Q: Since we have no equity built into the house, it sounds from all info read that we may be able to keep paying for the mortgage and keep the house. Will this action affect my father`s credit?