A recent case involving basketball star Caldwell Jones demonstrates the danger in having only one spouse's name on a reverse mortgage...Read more
Search results for "reverse mortgage"
Federal rules protect certain spouses of reverse mortgage holders from being forced out of their homes when the mortgage holder dies.Read more
Charging that reverse mortgage borrowers were caught in what amounts to a regulatory bait and switch, the AARP . . .Read more
The age of reverse mortgage borrowers is dropping, according to a new study by MetLife. . .Read more
A federal court has ruled that banks can’t foreclose on surviving spouses of reverse mortgage holders when the spouses can’t pay off the mortgage. ...Read more
The federal government is eliminating its most popular reverse mortgage...Read more
Soon borrowers will have to pass a financial assessment before they can take out a reverse mortgage...Read more
Is Buying a Parent Out of a Reverse Mortgage Considered a Transfer for Medicaid Eligibility Purposes?
If children buy their parents out of a reverse mortgage is that a transfer of an asset for less than fair market value, which would negatively affect Medicaid eligibility? In this instance the house could potentially sell for $600,000 to...Read more
My mom is 93 years old and living at home with 24-hour care. We applied for Medicaid and have spent down her funds. We are awaiting financial approval and an opening at the nursing home to place her. Can we...Read more