Foreclosesure Assistance
Does anyone have any information as to what to do to avoid foreclosure, or government assistance for my 84 yr old father.....I trying hard to find ways to keep and save his home....any help will be appreciated.
Thanks
:-?
Srleff:
Look into getting him a reverse mortgage or if your credit/income in'st to shabby try to arrange a family living trust/life-estate for him.
not very difficult nor expensive to arrange locate competent estate/probate atty. to review costs/discuss your (GranPas) options.
Hope this helps!
Derrick Ali :-D
Thank you for your answer....am going to meet with an attorney this week....
What is the reason that an 84 year old has a mortgage? Did he recently take money out? How many years does he have left? Has he recently have any home improvements done?
Lori
[addsig]
srleff - I can't find the link to the site, but I have a word document of a "Foreclosure Handbook" that was developed by Jim Sorrentino, Department of Housing and Urban Development. I would be glad to send you a copy if you want to post your email address (I would have you PM me but I need to upgrade to access my messages). Let me know....
Rob
For help from a non profit, charitable organization, check out: www.spoch.org
[addsig]
1st answer he got the house when he was about 74 and the VA gave him the loan....no repairs 1st loan on house.....my email address is
**Please See My Profile**
thanks for all your help....
sue