stupid decisions?

Question

My parents are involved in a situation where they need money to pay house bills (amount on house is higher per month). So anyways, it started out where my dad let's his friend (trust) sign a deed on the house as it turns out his "Friend" backstabs him and now the friend has a lien over the house. To my dad's stupidity decisions he made "trusting" a "friend" into signing a deed for the house, now we have to be forced to pay higher than the original amount per month. This means they are "begging" from their own kids to get partial amounts from all of their children including me to add some portion of the amount to pay the bill on the house. Which doesnt even cover the full amount for the month. If my parents made more responsible decisions and choices they wouldn't be in this situation. Then they have the nerve to get upset at me for giving them 200 bucks this week as I regularly give them 300. They wanted 100 more. Because of their own faults, they demand 100 more. Is this greed?

Answer 1

You need to have your mom and dad call me, it would help to know what state you are in. If you are old enough, move out if you are still living with them, if you have a sibling that's old enough and still there too, have them move out with you and you guys be roommates - everything 50/50. Your mother and father are irresponsible in that they trusted the deed to their house to a friend. You don't ever sign your house over to someone unless you are selling it. If they borrowed money from someone and agreed to pay it back, they could have signed a promissory note and left the house out of it, or a mortgage on the house. Some of what you are saying doesn't make sense - I bet there's a lot more going on than you know. Yes this is greed - the friend's.

You can email me further if you want.

Answer 2

question for you: you usually give them 300, but only 200 this week. Why. I'm guessing it was poor decisions on your part.

You didn't say how old you are, but based on your profile, I'm guessing in your early 20's. Or at least out of high school.

Why are you living at home? and where can you get everything you need to live for 300 a month.

I bet your parents are low on money because you are free loading off them.

It's family. If family needs help, the whole family should kick in.

Grow up.

Answer 3

This is a hard one.
But they made a commitment for you with out consulting you.
When I wanted to get over my compulsive behavior, I was told to put up boundaries. While some one may have a legitimate need, just the fact that they presumed on my generosity should be a warning sign to me that the relationship was/is unhealthy.
You too need to set boundaries, because some one presumed upon your generosity and you must not give the shirt off of your own back just because some one else threw theirs away.

Answer 4

It sounds like they are in a bind and trying to hold on to the house and a life style. Your Dad may have made a mistake, but life is full of mistakes. He may have also made some good decisions along the way and provided for his family. A family takes the good with the bad. Try to help as much as you can.

Answer 5

Its not actually greed bcoz they are now in such a situation that how ever it may b they want 2 get out of this situation as soon as possible.So they not actually demanding u infact requesting u.It is ur responsibility or may b duty wat ever u think u have 2 get them out of this situation as soon as possible.
1 more thing u said that it is ur father fault 2 trust his friend but at that stage even ur father didnot know that his friend wants 2 cheat him.I can surely say that if u did really love ur friend u 2 have done the same thing wat ur father have done.So donot blame or punish ur father for his friend's fault.
Try 2 b a helping hand 2 ur father.

Answer 6

It's not greed, it's desperation. Are you living there? Can you afford to help? Is there any free legal service available near you? You might want to encourage your folks to look into seeing if there is any recourse through the law. Every one makes stupid decisions sometimes. It's a pity this one has such devastating results.

Answer 7

Your parents are adults, and as such must be responsible for their own decisions and the consequences of those decisions.

Please feel free to help your parents out in any way that you can and that you feel comfortable with. Beyond that, you are not EXPECTED to give your parents money for any reason.

Answer 8

if your name is not on the deed, mortgage or trust, then
aside from wanting to help your parents out, you should back away from this situation.

Your parents might be better off letting the house go & since they've already deeded the house, they won't have to worry about foreclosure on their record. ironically, the "friend" (w/out $ from your family) may face problems w/the bank etc.. You'all should put your $ elsewhere.

Answer 9

First, sounds as if their "friend" was smart. I hold a lien on a brother-in-laws house to get my $20,000 back I loaned him. He wants to sell, I won't let him .
Unfortunately your parents have run themselves into a corner on probably credit cards. Suggest they file bankruptcy to protect their house. May be to late. NO you are not being a cheapskate. They are lucky to have you doing that for them.

Answer 10

Everyone makes bad decisions one time or another, no I dont think its greed it is simply them trying to keep their home and something for the family later on down the road.