Yes, your son can make payments for you as it doesn't make a difference to the bank as to who is making the payments as long as its paid. You will have to bring all payments up to date to avoid the foreclosure. If you don't mind me asking, where is your property located?... more
Rates are going up, homes are still much too high in price, unemployment is much worse that reported and going to get much worse, inflation in gas and grocery prices are starting to soar and will hit high gear in early 2010.
Unless you know something I don't you best not jump into a dead market infested with so much competition.
Too many people own realty, want to sell realty, too few want to buy at these bubble asking prices, and there are more realtors than can be counted.... more