My father has dementia and will be going from the hospital to rehab and then to skilled nursing. Had many falls and confusion. My mom is frail, has frequent falls and mis manages her pain, xanax and sleeping pills. They are not safe to live on their own and I live out of state.
I'm applying for medicaid for mom so she can be with dad. They have a home mortgage that has been refinanced many times so they do not own the home. There is approx $20k in equity. Is it my responsibility to put the home on the market and sell it? There will be no money from my parents to pay the mortgage while the home is for sale. Can I just let their loan default? My brother would like to by the house 'as is' as it's in really bad condition. I am doing everything without help so one last thing to do would be helpful.
Thank you for any info!