Despite advising my widowed mother against it, she got a reverse mortgage after I helped pay off her home. As her heir, what can I do to reverse this?
hey, tough sitch indeed- if your mom was of sound mind, not much can be done. maybe chat with an elder care advizor to see if any undue influence occured, but remember its her choice.
This situation is challenging and it is important to remember that if your mother was competent when making her decision, reversing it might be nearly impossible. I would suggest you consult with an elder law attorney who can review the details of the reverse mortgage for any potential irregularities or exploitation. Professional insights might provide options such as challenging the transaction on grounds of misunderstanding the risks involved. It is wise to be thorough with documentation and any communication that might provide evidence of undue pressure or misinformation.
It seems a tricky spot. Have you considered reaching out to a financial counselor who deals with reverse mortgages? I’m curious if understanding her exact decision process might expose overlooked options or misunderstandings. What steps have you already taken to get all the info possible?