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Reply to "Buy parents' house outright or private reverse mortgage?"
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[quote=Anonymous]If you structure it as a reverse mortgage, and in 7 years they need to move into medicaid assistance, what happens to the house? Does it go to you, or does it have to be sold to the highest bidder and the amount you've paid them so far is reimbursed to you as a first lein holder? [/quote]
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