by Trini girl on May 2nd, 2007

Trini girl

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My husband recently co-sign for his son bmw 745 and never told me because he was to co-sign for me to get a 328 bmw now he say i have to wait two years do you agree that i should not help with his house morage payments?

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  • by yoho05 reminds you to DYOH on May 2nd, 2007

    yoho05 reminds you to DYOH

    This is a complex situation with no simple answers.

    First off, I don't agree that you should not 'help with his house morage payments', mainly because they are your mortgage payments too. Depending on where you live, the house can be considered a joint asset and any increase in value in the house is shared between the spouses as an asset. Any liability (foreclosure, for example) is also a problem for you, even if you were no the person who obtained the mortgage.

    Yes, your husband should have discussed with you his decision to co-sign a loan for his son; I assume that he is not your son because of the way you have worded this. In some jurisdictions, spouses are required to confirm with a lender that their husband/wife knows about any new financial responsibility such as this.

    Yes, he should not have unilaterally changed his mind about the anticipated purchase of a vehicle for you.

    But withholding financial support to the household that you share is not the way to resolve this. Not only would it be cutting off your nose to spite your face, it could also lead to an escalation in the tension between you without any compensating resolution to the conflict between you.

    In summary, whether what he did is illegal depends on where you live, but your solution will not resolve the non-legal aspects of this issue. Have a long serious talk with him instead and come to a firm agreement between you about what he plans to do to make amends for his serious lapse in judgment.

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  • by LindsayJ. on July 26th, 2008

    LindsayJ.

    oh no a bmw.

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  • by Anonymous on July 26th, 2008

    Anonymous

    WHATS WITH THESE BMW`S. PRAY ABOUT IT.

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