<prompt> Human: Ok, I know the standard RUN response is often warranted, but here we go.Family member has asked me to cosign on a home loan. Hes been leased with option to buy - single fam home in booming southern city. Option to buy at 300k. Hes leased for 3 years and has approximately 15k in equity in the deal if he goes ahead with it. He has been paying 2300mo for 3years. House appraises for 350k. Wife is stay at home mom but has a bankruptcy 3yr 2mo ago, which is keeping them from traditional mtg.FHA Mortgage will be 1880mo with PMI 4.6. He is in construction and makes good money.My situation - family man, 40. No debt. 120kyr job, wife works, 750k in savings, college put aside, own cars, home, etc. Curve ball: other party is willing to park 25k with me to cover 1 year mtg in the case that they default - which buys me the time to pay the mtg, kick them out and sell the place yeah, Im heartless.So talk to me about this, PF...is it really crazy to consider? I feel pretty safe but wife is uneasy.Assistant: One of the downsides is that the lender may not tell you if the other person hasnt made payments. There are PLENTY of stories on this sub that have that exact scenario play out -- someones credit score drops for no reason, or they get served papers out of the blue, because the person they cosigned for wasnt making the payments.Since his wife is a stay at home mom, shes not contributing to, and is only harming, the mortgage application. Why cant your family member just apply on his own without his wife?Human: One of the downsides is that the lender may not tell you if the other person hasnt made payments. There are PLENTY of stories on this sub that have that exact scenario play out -- someones credit score drops for no reason, or they get served papers out of the blue, because the person they cosigned for wasnt making the payments.That is a great point about the loan process - I had figured that a cosigner would be aware of hte current status of the account. Thanks for bringing that to my attention.His credit is poor due to...poor decision making!  <response>: His credit is poor due to...poor decision making!Sounds like an interesting person to go in with on a 300,000 financial transaction. 