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I think something sounds fishy, and I'd think twice about lending the money out - even to your mother.
Sometimes people get into a financial bind, and use credit and loans to get them out of a fix. But they never learn this way. Sometimes it takes hitting rock bottom to really learn how to manage money. It certainly did for me! I was seriously in debt, and my family was tired of bailing me out of the mess I was in. It was tough, but I did it on my own, and learned a lot along the way.
If you do loan them the money, make sure you secure it with some sort of collateral if you can... I'm not sure if you can get a lien on the house, so if they do default, you might get something back.
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