<prompt> Human: Short backstory: My father developed Parkinsons after having a near death experience. He now no longer can work, and my mom is not working to take care of him. Right now their only income is unemployment, and theyre struggling to get him disability.The issue: My parents want to buy a cheap house, because the mortgage would be much more affordable than any rent in this area. The problem is that they cant get any financing with neither of them working. Thus they came to me to purchase a house in my name. Ive never purchased a home before, and there are first time home buyer benefits in my state, such as the state matching up to 10k of the downpayment costs, waiving certain fees, etc. However, I have a lot of personal debt student loans, medical bills due to pre-existing condition, monthly bills, vet bills, etc., and have even assumed some of their debt to help them out. Im doing the best I can, but its not the greatest financial situation. I want to help them and ensure theyre taken care of, but Im worried that buying a house in my name that Im not living in could negatively impact me financially. Either due to taxes, or potentially hurting my credit and jeopardizing my chances of getting a home for myself, someday.Are these legitimate concerns, or am I just being paranoid? I want to help my parents the best I can, but I dont want to be ruining my financial future in the process.Assistant: They are very legitimate concerns. You may not even be able to do this without committing fraud. You may be required to live in the home for it not to be fraud. Do not do this.Human: I feel sick to my stomach now. My parents are pretty adamant about this course of action; they originally were just going to go through with it without asking me is that even possible?.This is not going to be a fun discussion. Thanks for helping, everyone around me seemed to think it was a great idea, so I felt like I was going crazy.Assistant: Wait, your parents were going to attempt to buy a house under your name without even asking you?Check your credit reports, now. Just the fact that they even think this is possible might mean theyve taken out other loanscredit cards in your name.Human: Yes, they wanted to get the first-time home buyer benefit, but they were not eligible as they have purchased several houses over the years in the state.I guess they figured once I decided to purchase one for myself that I wouldnt miss the benefit.I found out because my sister was discussing it with my mother and I overheard. This caused a freak-out at the time, but my siblings insisted I was overreactingbeing selfish, and that there was no reason to worry about it.Assistant: The point I want to make is to check your credit reports RIGHT NOW. The fact that they think they can use your credit is a huge warning sign that they already have.Human: I plan to as soon as Im off work. Im trying not to panic over the possibility, for now.Assistant: Use Credit Karma. Its free, and GREAT for keeping up to date with your credit dealings.Human: Thank you for the suggestion! Ill be looking into it tonight.  <response>: Please keep us updated. You obviously have enough people in this thread telling you why its a bad decision, so Im not going to reiterate that, but I am very curious if they have opened accounts in your name in the past. 