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I asked this in the family section, but I ask alot of ?s here and you guys are a big help-
We made credit mistakes when we were younger, but I have repaired mine- however, I just had a baby and have no income. My husband works, but has crappy credit. We desperately want a house, we have 3 children and are paying so much in rent. His mother offered to buy us a house (she has some money she needs to reinvest or she will lose alot to taxes) but she said it will be in her name and we will rent to her. She said it will be left to us in her will, so it will one day be ours and she can make the rent payments affordable to us. Problem is, we don’t get along……. this could get thrown back in our face. Would you do it? Am I stupid for considering this?

11 Thoughts on Hey moms- would you let your MIL buy you a house?
  1. Reply
    June 17, 2011 at 6:29 am

    I wouldn’t do it. Mine would totally throw it in our faces and would have to tell everyone in the world what SHE did for us. My own mother would do the same thing, too.

    If I was absolutely desperate, I would accept financial help – But ONLY if I was truly desperate.

    If you can establish some boundaries early on and ignore her foolishness, then it’s definitely something to consider, I suppose…Assuming that you have legal documentation to prove that you really are being willed the house or are renting only on a rent-to-own basis.

  2. Reply
    June 17, 2011 at 6:41 am

    That’s a tough call. She is not buying you a house if you are just going to rent it from her. Technically..she will be your landlord.

  3. Reply
    Brazilican 17
    June 17, 2011 at 7:05 am

    whats MIL?

  4. Reply
    June 17, 2011 at 7:07 am

    I would only consider it if the proper paperwork was drawn up and you/she made it a rent to own deal instead. That way, you don’t have to worry that she didn’t put it in the will and she can’t change it without you knowing.

  5. Reply
    June 17, 2011 at 7:53 am

    I wouldn’t do it. She will hold it over your head for the rest of her life. If she ever wants something from you, all she has to say is “well I bought you a house”, when it isn’t even your house. If you don’t do something she wants, she’ll kick you out. Find another apartment with better rent and decline her offer.

  6. Reply
    June 17, 2011 at 8:19 am

    my fil has done this for me and my partner also , one time there looked like there was going to be problems then my mum reminded me he is simlpy the landlord, and you should have a tenacy agreement, and some simply, rules….

  7. Reply
    ♥Draigh's Mommy!!
    June 17, 2011 at 9:08 am

    I would totally do it. She may eventually use it against you, but in the mean time it will help your husband build his credit, give you guys some extra money.

    But ultimately you need to talk to your husband about it and discuss it in depth.

  8. Reply
    June 17, 2011 at 9:28 am

    she will throw it back in your face… and I wouldn’t do it if you absolutely don’t get along..

    but, it sounds like an overall good idea.. but she’s not buying you a house. It’s a different story if you’re renting from her VS co-signing on a house.

    why not just *try* it? if you start renting from her & loving the space, and she’s tolerable.. keep it up!
    it you start renting from her and loving the space but she’s a mighty beast- just move out.

    I know it’s hard to move, but I think I’d atleast give it a try. Maybe your threat to move out will make her realize she needs to become nicer

    good luck~ I’d atleast try it out.

  9. Reply
    June 17, 2011 at 9:30 am

    I absolutely would not do it! She will totally hold that over your head and take advantage of it. My MIL and FIL offered to help us with a down payment if we needed to but husband and I agree this is not a good idea. If we are getting a new house we want to get it on our merit on our term so we are providing for our family. We don’t want anyone having the ability to say you wouldn’t have anything if it weren’t because of us! Just My humble opinion. I can totally understand you wanting to get into a house but there has to be a better way to do it! Good Luck and Congratulations on your new little one. I am due to have my third any day now, so I know how you feel. 80)

  10. Reply
    June 17, 2011 at 10:03 am

    Let me get this straight. Your mother in law wants to buy a house and rent it to you cheaply, then leave it to you in her will. Sounds good.
    I would let her buy whatever she wants and you’d only be helping her out by renting it. If she turns out to be a bad landlord then so be it but you’d be taking a risk with any landlord. Do you’re homework and work out what you can pay and what any property she buys is worth. If it’s a good deal get all the proper paperwork drawn up! If not, tell her you’re not interested. Let her know that you are still considering options and have you finances sorted in case something does go wrong.

    Maybe she’s realised that she’s missing out on her grandchildren by not getting on with you and is trying to make amends. If you think otherwise use her for her money and hope the arrangement doesn’t last too long!

  11. Reply
    Heather Y
    June 17, 2011 at 10:25 am

    How much do you “not get along?” Is it screaming and fighting with each other, her scheming to get you out of her sons life for good, can’t wait ’til the witch dies bad? Or more like, I think she’s annoying but I really respect the choices she’s made in life and we’re one big family that just doesn’t always see eye to eye? Because I think that would have a lot to do with my decision of whether to accept her offer. Is she a score keeper that can tell you every nice thing she’s ever done for everyone her whole life and how no one has ever done the same for her? Does she follow through with what she tells people–is word as good as gold? Does she think that doing this means that she gets to have a key to the front door that she’s free to use 24 hours a day? Or does she see this as a win-win situation for everyone? And what if hubby’s job takes him to another city, do you get some of what you’ve put into the house back–as in a rent to own situation–or are you cut and dry tenants and when you’re gone you get nothing? I’d explore the situation further–unless she’s bad (evil), then its a big fat N-O!

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