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Does my father‘s house have to be sold with a reverse mortgage, now that he will be moving into a long-term facility and would no longer be living in the house?
Does my father‘s house have to be sold with a reverse mortgage, now that he will be moving into a long-term facility and would no longer be living in the house? The reverse mortgage was taken out by both of my parents. Mom is deceased, and dad has been living in the house by himself for the past few years. He will be moving into a residential living facility soon. His life expectancy is somewhere between five and 10 years. There is no equity left in the home to make it worth anyone’s time to buy out th...
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