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Eldercare
Reply to "Elderly in-laws refuse to sell house that needs $200k of work, are out of money, can’t get loan"
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[quote=Anonymous]OP, you are just throwing good money after bad if you use any of your own money to do repairs, especially if you say it will probably be a teardown when sold anyhow. Having been in this situation, the pp is correct. Wait until there is an emergency, and there will be one, and then whoever is healthcare and financial POA needs to go in there and figure out a solution. They do need a PAO in case of illness, so that is what I would concentrate on if they haven't already done the paperwork. What will probably happen is that one elderly person will get sick, and be unable to be released back home. The other may or may not be able to live there without the other, and at that point they will both need to go to assisted living or a nursing / assisted living combo. Only then will anyone be able to do anything with the house. [/quote]
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