My 87 year old mother is in the hospital after breaking a hip and is not really able to make decisions any more as she is suffering from memory loss. I am her daughter and as her POA I am taking over her finances. During her hospital stay a pipe burst in her townhome and flooded it to a point that it was condemned. She was supposed to come home from a visit to see family (she no longer drives so takes the train) and because of her fall and subsequent hospitalization, could not. She has no financial assets other than her townhome and has a fair amount of credit card debt. She had a very meager insurance policy on the townhome that is only going to pay for about $10,000 worth of damage (likely the damage will be a lot more). No one in the immediate family has the money to cover the damages and likely she will also have large hospital bills and expensive nursing care coming up. Should the family just turn the keys of her townhome over to the bank? What would be the ramifications to doing that? What are some other options for her? Is there any financial assistance she could apply for?