Reply to Money woes...but not mine

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[quote=Anonymous][quote=Anonymous]While you would not want your son to know about the request, how would he feel if his dad made comments to him about losing his home. I know a couple who let their former son in law stay in a older cabin, on some land they owned, for the sake of their grandson who could visit him there. He was able to pay them a small amount each month from disability. He was there until he passed away. They let their grandson have the land ( not worth much) which he considered to be an inheritance from his father.

It takes a long time for a home to be foreclosed on. They can postpone it for a few years by filing for bankruptcy. If you do want to help then wait until they lose the house then maybe gift him a deposit with the understanding that he is not to ask you for help again.[/quote]

It would be better to wait and see what happens before doing anything. If he can’t find a job then he would still be at risk of losing his home even if you helped him with one mortgage payment. If your son becomes concerned about his dad becoming homeless then you could reassure him that it won’t happen for a long time. If you are willing to help with a deposit, at that point, then your son won’t worry that he will end up in a shelter or on the streets.[/quote]

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