My mom has a reverse mortgage on her home, currently she’s used about $ 160.000.00 of that equity.
House will sell for $ 230-$ 250 her area of she passes away.
My question is if I go back to live w/her (she’s ill & needs my care), and she passes away while I’m living there, the mortgage co said I have a year to pay back the $ she took out of the reverse mortgage or they will sell the house, then give me what’s left..
I have horrible credit & probably will not be able to get a loan to pay the money back that mom owes..
I would need to stay in the house because I won’t have any other place to live.
What are my options (to get money needed to save her house & so I can remain living there) w/bad credit??