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Ashley Said:

If an Adult Child Makes a Loan to an Elderly Parent, Will It Be Repaid if Medicare Sells the Parent's House

We Answered:

Have true loan papers drawn up with a repayment plan of at least a couple dollars a month and charge interest.

Register a lien on the property for the amount of the loan, then the government will be forced to settle with you.

Why not a reverse mortgage if you know the house will eventually be taken by the government anyway?

See a lawyer who specializes in estates & trusts they should be able to make sure all is recorded properly and protected.

Juan Said:

What is meant by "Reverse Mortgage" in economics?

We Answered:

Here is a good guide to understanding reverse mortgages: http://www.regionalmortgages.com/reverse…