Long term care

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Reverse Mortgages and Long-Term Care

Sep 28, 2011By

Acknowledging that reverse mortgages are increasing becoming a subject for discussions when families are struggling to deal with long-term care expenses, elder law attorney, Janet Colliton warns that reverse mortgages are not the best option, especially when nursing home care is considered.  Writing as a guest columnist in the Daily Local News, serving Chester County, PA, Colliton points to the due and payable provisions in reverse mortgages should a borrower permanently leave a home to reside in a nursing home.  However, she does not that "a more appropriate use for reverse mortgages" is for cases where a senior is intent