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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]How much is 1-bedroom rental? He can get it paid from the sale of the house most likely and never touch the principle. Now he would have no roommate, keep all his SS and maybe even get a part time job for extras. When they raise the rent, he can move. I just did and kept my former rent. I still have an option to move to a cheaper neighborhood or even a studio.[/quote]
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