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Reply to "Adult Daughter Situation - What Would You Do?"
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[quote=Anonymous]Our solution was to have DD prequalify for a mortgage she could afford on her own. She found a condo well below that amount. We put up the minimum amount to get her through closing (about $50,000) and now she’s on her own. Her mortgage payment is almost $1000 less than rent would be and now she’s able to save some money. It kept sanity in our relationships and we paid less than a year of her college bills. Nice if it works. [/quote]
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