Follow
Share

My Mom recently went to a nursing home. After 10 years of home care, by me. I of course have no savings left After 10 years is not working. The State is taking her money. The property is in my name but she has a mortgage. I'm trying to get back to work. But I'm afraid I'm going to loose the house
Is there somewhere I can get temporary help. Until I can get an income?

I so hope you did not include the house on the Medicaid application. Paying a mortgage does not an owner make. If you are the only one on the deed, its your home. You can sell it and hopefully have enough proceeds to start over. You will lose a house faster to non-payment of taxes than u will to a Mortgage company. Took 5 years for the Mortgage company to foreclose on the house next door. The couple had not paid the Mortgage for 3 yrs.
Helpful Answer (0)
Reply to JoAnn29
Report

Hi Bobcat - While you're looking for employment, would you qualify for welfare benefits or medicaid? If so, that would probably qualify you for food benefits - along with health insurance at no cost. Perhaps that would help in the interim?

Additionally, you may want to contact the mortgage company for options on how to reduce the payments, given the situation.

Wishing you all the very best for a new start and future financial success ~
Helpful Answer (0)
Reply to Hopeforhelp22
Report
AlvaDeer Jun 3, 2024
Another reason to contact that local city or county council on aging.
(0)
Report
Find a room Mate - NextDoor.com , Room Mates.com , Craigs List , Rent out a room On Air B and B for a weekend or week . Speak with your Bank Manager . They maybe able to help . Someone mentioned the council on Aging . I Know in Boston there are Places to help people with emergency funds . You Have a Lot on your Plate and Must be exhausted . Sorry for the Loss of your Dad - I Hope your able to work this out .
Helpful Answer (1)
Reply to KNance72
Report
AlvaDeer Jun 3, 2024
Great idea, the airbnb AND the roommate, K.
(1)
Report
So your name is on the deed but the she's been paying the mortgage? Is this correct? And since you've not been working other than caregiving, you cannot afford to now pay the mortgage because your Mom is on Medicaid and her income goes to the facility, correct?

Without knowing other critical financial information, like what the mortgage rate is, how much is left on the mortgage and whether you can or should refinance to a lower rate, or if you can even afford to do that, I think this is a question for a financial advisor or real estate attorney. Are you able to pay the property taxes? Are you current on that? Could you rent out part of the house for income?

I don't think negotiating with the mortgage company will come to much. You may be able to delay foreclosure by making some payments but this is a question for a mortgage banker or real estate attorney.

When my inlaws' home in MN went into foreclosure back in 2014-2015 the average time it took was 18 months. I'm not sure if that's changed. If I were you I'd get professional and local advice and not from a global forum of non-professionals with no accountability. I wish you success in getting your life and finances back on track.
Helpful Answer (1)
Reply to Geaton777
Report

You say that the home is in your name, and as your mom qualified for care I am assuming that she passed Medicaid muster and that transfer of deed and title on the housing occurred over 5 years ago?

You apparently had no care contract in all this time. That is a great shame, because we do so often see caregivers with no job, no job history and really no qualifications for a job to speak of left quite destitute when an elder passes or goes into care with income going to the facility.

Yes, you may well lose the home if you do not sell it first.
I would speak first with the holder of the mortgage, the bank involved; make an appointment with a bank officer.

I am afraid that your only option I can see offhand is to sell this home for the equity that is in it, pay off the mortgage and use the funds leftover to support yourself until you can get a job. You have been a caregiver for a LONG LONG time and you may well be scooped up by any Facility for Assisted Living, Independent Living, or Nursing Home in your area and that's where I would start; some will even train you for CNA qualifications. That, and hopefullly some funds from the sale of the home may get you back on your feet.

I know you have to have been thinking of this possibility right along, given the decade you have cared for your Mom and your Dad. What thoughts of your own have you come up with?
Helpful Answer (1)
Reply to AlvaDeer
Report
Hopeforhelp22 Jun 3, 2024
HI Alva - You're always so brilliant! I actually have a question - can you kindly explain what a "care contract" is for - and if the OP's mother wasn't paying her, is it still important to have a contract made of this type?
Thank you kindly...and I hope all is good with you!!
(0)
Report
See 2 more replies
Have you called the mortgage company, ask them if they can work with you, maybe just pay interest or something they can do.

They lose money also In a foreclosure, so they don't want that either.

Any way you can rent rooms or anything to help the house make money, in the process.

Good luck, I hope you get more ideas here
Helpful Answer (1)
Reply to Anxietynacy
Report

I’m not sure of the best way to handle this situation.

I will suggest that you contact Council on Aging to learn what options are available for your mother’s care.

It’s obvious that you must return to work. You are right to be concerned about your own future.

Others will chip in with their advice to help you resolve your issues.

I read your profile. I am very sorry for the loss of your dad.

Wishing you peace as you grieve and work to find a viable solution for this situation.
Helpful Answer (2)
Reply to NeedHelpWithMom
Report

Ask a Question
Subscribe to
Our Newsletter