We have sold her home and she is now in a nursing home and we are paying down her assets each month but are ready to start the medicaid process. We had used a RM to keep her in her home and pay the companions but the house was sold , RM paid off and we are now paying the nursing home
But I have a couple of ?'s - you say the RM was paid off, correct? So what happened with the house? Did you let mortgage holder just take it over? or did you sell it to on open market & pay off the RM, & was there any proceeds left? Did family buy the house, & if so at full fair market value? Did RM holder do any devaluation on the mortgage owed at settlement?
Carol
Good luck,
Carol