Mom has a home worth 250K with a 283K mortgage debt. The house is rented out no need to sell. She must go into skilled nursing at this point so with no equity will Medicaid view the condo as an exempt asset.
Need help. My mother makes just $87 over the limit for Medicaid.
Who ultimately is responsible for finding a 'Medicaid bed/ placement'?
Who gets paid first when a house is sold, Medicaid or Reverse Mortgage?