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How do I pay for senior living until Mom's house sells?

I can't afford to pay for assisted living but she can no longer live alone. Once the house sells she should be set for the remainder of her life, it's just a matter of time waiting for the sale.
Status: Open    Feb 23, 2015 - 09:43 PM


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Mar 11, 2015 - 01:32 PM

This is a tough situation for many seniors. Have you looked into setting up a line of credit for your Mother so she can access the equity in the home until it sells?

At this stage a reverse mortgage is not an option for her since she will be leaving the home soon. If she has exhausted all of her other financial resources it is possible she will qualify for Medicaid although this will limit some of her choices in assisted living facilities and waiting for funding can take between 60-90 days depending on the state where she resides.
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