<prompt> Human: Hey PF, Thanks for reading this. I am 26yo and in graduate school. My stipend is about 30Kyear, I have 10K in savings, and I have 27K in deferred student loans. My rent is 275month, car payment is 195month, no credit card debt and outside of food costs, my parents pay most other expenses car insurance, cell phone, etc.. I am writing this post because my grandfather has been in financial strain for years now. He opened a business 10-20 years ago and had a balloon loan. Next year he has a payment of 250K that he cannot pay so he is filing for bankruptcy. He owns maybe 6 or 7 houses that he rents out. Some of them are dilapidated and my family members live in others without paying rent. I think there is one house that he actually collects rent on. Last year, my mom and her boyfriend bought two of the houses, and now my grandfather wants the rest of the family to get together maybe form a corporation or something to buy the rest of them so he does not lose them in the bankruptcy. At this point, you know as much as I do about the situation. I do not tell my family how much I have in savings. My mother is horrible with money and spending. Some of the family members in question have embezzled money grandfather will not prosecute because family, others have jobs , but as I said, live in my grandfathers houses and do not pay rent. My other cousins are younger than me with kids and low-paying jobs. Overall, this just seems like a bad idea to me. The only thing is that I obviously care about this man, and I want to help. I just dont trust any of my other family members. I barely know them anymore and they live 3 hours away so I see them just a few times a year. I also hate to admit that once I get out of school next year I will be making a lot of money paying off student loans first!, and my boyfriend is debt free and owns a profitable business. I think my my mom and my family members see that we go on nicer vacations and think we have a lot of money. What they dont know is that I meal-prep-sunday every week so we can save up money for vacation, and we both put all of our expenses on credit cards for airline miles and pay off every month. Both of our parents were not great with money and so we try very hard not to make the same mistakes. Rant. Anyway, have any of you been in a situation like this before? Would there be more benefit in letting the bank take the houses to pay off my grandfathers debt than the family buying them? If so, how should I tell him that. If I am correct and should not get involved, how can I tell them I do not want to take the financial risk? Let me know if you need anymore information or if there is something I did not think to ask. Assistant: Everything about this sounds like a terrible idea. Say no and if someone brings it up just walk away.Human: Should he let the bank take the houses?  <response>: Yes. 