At 13 my grandfather passed away and i moved in with grandma to help her. I am now 32 almost 33 and just now starting my life. Anytime i would try to get a job or do anything my grandmother would get sick or hurt when i wasnt there and i finally gave up and stopped looking for love or doing anything for me. 4 year's ago i visited michigan after growing up in California and fell in love with michigan and grandma ended up helping me get a home in mi. Well she ended up livng with me for a year. Then went to California and decided to stay in California. 2 years went by and i was able to work and start having a life and grandma got sick, so i went to California and brought her back to michigan. Well i got her healthy again and she went back to California fora while and had an eye issue come up and felt she had to stay in California because of her eye doctor there. While she was there i ended up getting married to my best friend and secret crush from high school. Then grandma is suddenly diagnosed with dementia we bring her to michigan. Well she gets here and she is better. Stress induced dementia. Well she decides to go back to sd to get some of her things, then i get a call from my aunt who tells me grandma hadn't meant the house as a gift for everything i had done to help grandm. She only put it in my name. Because she had a reverse mortgage on her home in California and it was always supposed to be her home here in michigan and that i was supposed to take care of her for the rest of her life and not have any life of my own. I know i am burned out and stressed from caring for her and of her 6 kids and three other grandkids not a one is stepping up to help or provide me with any relief. Sorry for the rant. Dont get me wrong i am grateful for her help. But she never discussed her expectations with me when she helped me get the home.
If your Grandmother sells the house for less than what is owed on the Reverse Mortgage, the amount of money that is written off could be declared as *income* on your Grandmothers income taxes. Check with an Elder Law attorney to see what would be the best route to take regarding the house in California.