Share your insights or perspective on the financial matter presented in the input.

My friend wants to put my name down for a house he's buying. What risks would I be taking?
Both of you sit down with a lawyer who practices in real estate and foreclosures, and hash out every single possibility of what could conceivably go wrong, with nothing out of bounds.  Come up with a reasonable and fair plan for resolving each situation, that you are willing to commit to, life and breath, for real, no exit.  Put all of it into a legal commitment between you two.  However this is a fearless, searching and even ruthless contemplation, requiring a level of intimacy and personal responsibility you may not be comfortable with. and there's absolutely no room for dancing around unspoken questions.  So in essence, it puts the hardest stuff up-front.  If you put that much thought and honesty into it, you'll probably be OK. But you probably won't want to be that honest, or won't want to do the deal after you do.