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My brother is on ssd and medicaid /medicare, can no longer afford to live in his co-op.He is going to move into disability housing. He is going to have to walk away from his co-op. If he was to sell the property then medicaid will put a lien on it. His case worker already inquiring as to what is he going to do with his property and talking about a lien. My question is can the make him sell, how much of a problem will it cause from the mortage company and the maintence company, by walking away.

adonis · Posted: Thu Sep 03, 2009 9:39 pm Post subject:

Hi jaycee,

If your brother walks away from the property, then the lender will foreclose the property and sell it off to recover the dues. If Medicaid places a lien on the property, then that lien will have to satisfied when the property is sold off. However, your brother should remember that a foreclosure will lower his credit score by around 250 points.

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