DH's uncle who I never met called out of the blue the other night. He owes 50k on his house and it's worth around 350k. He wants to sell it to us for 50k and then we purchase an apartment for them in another area of the state. We don't really have a savings, just a small emergency fund. Mom would move with us which means she would sell her house but it will just cover her bills and mortgage. With the economy the way it is would you jump on the chance? Is this too risky? It is a 4 bedroom house with 2.5 baths which means a spare bedroom. DS is now 4 months old.
post #1 of 22
8/11/09 at 9:04am