<prompt> Human: We live in CA. Parents couldnt afford the mortgage on their half a million dollar home 15 years down the line and decided to foreclose. They have 2 months to move out. Real Estate agent suggested they buy another house and put my name as cosigner as only my father has documented income. My mother works cash in hand jobs in nursing homes.I am afraid based on their history of financial irresponsibility, I will pigeon hole myself into ruining my credit if they end up not wanting to pay mortgage on said house.Question: Should i cosign on a house one the condition that I monitor their expenses and have full control over their income to ensure they pay their bills on time?  <response>: If they lost their house to foreclosure in CA after owning it for 15 years they must have been frequently doing cash out refinancing which means they have a spending problemDo not put yourself on the loan. Even if all goes well it counts against you if you try to buy a house 