Question: I plan to marry in the near future; my husband-to-be had to buy
out his wife's portion of the house in a hurry -- she has also ruined his
credit. I have excellent credit and also a home to sell. I will make around
$40,000 profit from my house.
Would we be better to use
some of my profit to fix up his house and ready it to sell; or should he sell
his house "as is" and get him out from under the large payments and
interest rate. We plan to buy a home together in my name after we are married.
Answer: Imagine if you sell your home, provide the cash to fix up his
property and then the wedding is called off. You would have no cash, no house
and no hubby.
It may be best to do
nothing until you're actually husband and wife.
