Posted on: 17th Sep, 2009 12:50 pm
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.
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.
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.