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HOW CAN A DAUGHTER/CAREGIVER STAY IN THE HOME

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missmusic365 Joined: 17 Sep 2009 Posts: 1 1.00 Dollars($)	Posted: Thu Sep 17, 2009 12:50 pm    Post subject: HOW CAN A DAUGHTER/CAREGIVER STAY IN THE HOME Like 0 Dislike 0 I recently lost my Mother- only 2 years after getting a reverse Mortgage. - I signed the paperwork as her POA- since she had dementia & could not sign. Her health deteriorated raipidly, which casued more of the loan to be used than we expected. Now I am trying to save the home-are there any programs that could help a caregiver like me- stay in the home.
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12372 Location: bloomfield, ct 57.76 Dollars($)	Posted: Thu Sep 17, 2009 12:57 pm    Post subject: Like 0 Dislike 0 the reverse mortgage must be paid in full. who is going to be the owner once your Mom's estate is settled? if you are, then you can try to refinance the old loan into a new one. the lender in this case ought to give you some time to work out the details. in the meantime, you should find out what they want to do about making payments in the meantime. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

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