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Money and Finances
Reply to "Parents out of money at 75"
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[quote=Anonymous]Sell the house, get a modest condo for cash and make sure the HOA is covered by their social security. Review all condo docs and recent minutes to ensure the condo association is financially sound. We've had two elderly neighbors die in their too-big homes in the past two years. In both instances, they fell down the stairs. Both times the homes had lots of deferred maintenance. If your parents can't afford to maintain their house, then they likely are not physically able to maintain it either. [/quote]
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