Mom is sick and has a reversed mortgage. Any advice?
My mom took out a reversed mortgage unknown to me. I found out a year later. 2015 is when she did it. I live with her and my child who is disabled. I'm on the deed to the house. She is in the hospital and I'm scared. I know if she passes my daughter and I will have to sell my childhood home to pay back the loan. She owes 300k and the house is worth 600k. Has anyone successfully sold a house with a reverse mortgage before they try to foreclose. I know they give you about a year but I'm not sure if I can sell it in the time allotted. I guess I'm just looking for help and an ear for someone to listen.