I'm worried that my dad will lose his home by doing a reverse mortgage.
I moved back from Greece, away from family, in 2005 to be with my dad, he is now 80 and alone. We discussed and agreed that he would sell his home and move back to Greece with me so that he can live with me and not ever go into a home. I have introduced him to some other senior friends here, as he had no-one, and now I believe they have influenced him to do the reverse mortgage. My partner gave him $50,000.00 about 6 months ago to pay off his mortgage and debts, but he has recently gone ahead and did the reverse mortgage, without consulting us, but i found out anyway. He never toldl us, but just said he didnt want to move to Greece because of the money exchange being so bad and that he has good friends here now. I feel hurt as he now knows that I will not be going home to Greece but will have to stay here to take care of him when he is incapable of doing so alone, so now I am worried that maybe he will lose his home on the reverse mortgage, please help.