<prompt> Human: My wife and I recently purchased a house under only my name. We were planning using her name for emergency loans and to make additional purchases down the road. A family member of her wants to use her name to purchase a house now because they have bad credit. This is a bad idea and I do not really want to do it. The person said he will take her name off in a few years, but that will require re-financing and there is uncertainty if he can actually re-finance three years from now or if the rate will remain low.Any advice on how to deal with this? What are some other potential problems?  <response>: Do not do this. Please. Do not do it. Even assuming it did not rise to the level of fraud, this is simply a terrible idea for you and your wife. There are a litany of potential problems, the worst of which is that you are stuck being 100 financially responsible for a second house that someone else isnt taking care of. Do you want to be stuck paying the note on a house that someone has destroyed? My dad taught me one thing: never, ever, ever co-sign for anyone. Maybe thats a stretch I would of course co-sign for a few people in my life but really - dont do this. 