Reverse Mortgage or sell and rebuild?
Reverse Mortgage or sell and rebuild? My girlfriend and her mom are in a tough spot. Mom is 74 retired teacher with 70k mortgage and 30k credit card debt. Girlfriend lives with her and makes 40k a year but has 60k in student loans. They are having trouble paying bills as the house is now worth way more than when she bought it in the 90s ($250k vs $1.2m). They own an adjacent lot of …