Securing a loan on a parent's property

Flyboy152

Tubbss wrote: »

Bother made poor credit decisions in past and refusing to liquidate own assets yet is wanting his mum to liqidate hers - no brainer here my friend - tell her "no bloody chance". If he aint willing to put his own property at risk (knowing it will go tits up) then why should he expect his mum to do it!

It very much depends on what these assets are and what their current value is. Just because one has a poor credit history, does not necessarily mean it will be so in the future. Besides, the OP stated the their brother had made "poor financial decisions in the past," not poor credit decisions.

Emmzi

Devils-Advocate wrote: »

Pipe down. It is OBVIOUSLY a bad idea. Shame on you for trying to convince otherwise. :mad:

Just as I do not appreciate you dictating to me, so I am sure mum does not appreciate child dictating what to do with HER HOUSE.

You cannot possibley make an informed decision on 2 lines of background! You may well be right but the way you're reaching your decision seems flawed to me.

Devils-Advocate_3

Emmzi wrote: »

Just as I do not appreciate you dictating to me, so I am sure mum does not appreciate child dictating what to do with HER HOUSE.

You cannot possibley make an informed decision on 2 lines of background! You may well be right but the way you're reaching your decision seems flawed to me.

But who said anything about 'the child' dictating what to do with 'her house'.

Offering sensible, sound, CORRECT advice is what is being suggested here. He cannot force his mother to do anything - that is her decision - but he should most definately offer sensible advice on the matter and try and persuade her not to go through with this.

I would think any half-wit can see this is a bad idea and could easily end in tears.

Emmzi

Devils-Advocate wrote: »

I would think any half-wit can see this is a bad idea and could easily end in tears.

Any half wit can see we don't have the full story.

I am neither agreeing nor disagreeing that it is a good idea.

I've asked OP for more details but he seems reluctant to supply them. I wonder why that is?