<prompt> Human: So, My parents are seperating and both do not want to take care of a second mortgage they took out to put me through college. The total amount they are asking me to pay is 7k. Im Ok financially, in that Im on track to be debt free in 2 years and making 55k a year right now. What I need is some advice on how to handle this sudden extra debt.Assistant: What do you mean theyre passing it to you? They cant give it to you.Determine a time frame to pay it back and see how much that is per month and if thats a reasonable amount. 7k on 55k should not be a big deal.Human: passing off neither want to pay it and are expecting me to pay it for them, either by handing them money or taking out a loan myself and paying theirs off.I currently have a tight budget trying to pay off the rest of my debts that Im reluctant to change. I guess I am looking for some advice on whether to get a loan to pay it off or pay them directly for it. answering my own mind, i need more info from them before i can make that decision anyway...  <response>: Number one, they cant force you to do this, so take some time and decide if this is something you want. Number two, dont just hand them money. If you want to do this, get financing on your own, and buy the house from them. Ive seen too many verbal agreements on this sort of thing go south. Better to just legally transfer the propertydebt to you. Edit: Just re-read, and noticed that this isnt about getting rid of property, but a 2nd mortgage that they took out to help support you. For me, Id fell like that was my debt, and pay them back. Entirely up to you of course. 