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Reply to "Has anyone figured out an alternative to a reverse mortgage for a cash strapped parent?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]That he ~ adamantly does not want to move, is unimportant. He can't afford where he is[/quote] OP here, and I agree but you can't force an independent adult to do anything. I think he will just do the reverse mortgage before he moves, so I am trying to come up with alternatives he might go for instead. There may not be any. [/quote] I think you have to make peace with the reverse mortgage, then. Sounds like he'll spend down his assets over the next 10 years, so he should qualify for help when he runs out. [/quote]
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