Has anyone here dealt with a parent’s reverse mortgage when they eventually needed assisted living or long-term care?
I’m helping my elderly mother sort through hers now and trying to better understand the real-world options for selling the home, handing over the deed, or whether heirs ever end up owing more than the house value. I’ve been reading up a bit and came across this page that talks about what typically happens after the borrower leaves the home or passes away.
Curious to hear from people who’ve actually gone through this with family members. What ended up being the best path financially and practically?
