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Beatlelvr

(618 posts)

10. Okay, had not thought of that

Reply to 7wo7rees (Reply #2)

Fri Aug 5, 2022, 06:27 PM

Aug 2022

But both our names are on loan, I'm 70.
Yes, mom's house, paid off 30 years ago.
In her name in living trust. Maybe that's the problem.

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Question about home equity line of credit [View all] Beatlelvr Aug 2022 OP

Hmmm, don't they have to give you a written report with more of a official answer? Not doing such uponit7771 Aug 2022 #1

Yes for lender, but not title company. nt okaawhatever Aug 2022 #4

I would venture to guess it is your mother's age. 7wo7rees Aug 2022 #2

Okay, had not thought of that Beatlelvr Aug 2022 #10

And I do have POA Beatlelvr Aug 2022 #11

Yes. That is exactly it. 7wo7rees Aug 2022 #16

I would guess it's her age. Phoenix61 Aug 2022 #3

is a reverse mtg a workable solution? onethatcares Aug 2022 #5

This is what I was thinking... dixiechiken1 Aug 2022 #12

It's the title company not the lender who said no. It's probably okaawhatever Aug 2022 #6

Like @onethatcares, I was thinking moonscape Aug 2022 #7

Reverse. is the worst option. But if there is no other. 3Hotdogs Aug 2022 #8

I don't know the state you are in, but in CA you can apply for state benefits once most assets have alwaysinasnit Aug 2022 #9

You say she is living with you, Mr.Bill Aug 2022 #13

Yes, a possibility Beatlelvr Aug 2022 #22

Oh, I see. I thought no one was living in it and you and Mr.Bill Aug 2022 #23

I don't know who you're using, Corgigal Aug 2022 #14

If it's the title company, and not the credit union balking, you can pick another title company Fiendish Thingy Aug 2022 #15

Shop around. Mosby Aug 2022 #17

That's just what the teller told me to say Beatlelvr Aug 2022 #20

If the house still has a mortgage Mosby Aug 2022 #24

Please I beg you talk to an eldercare attorney before you mortgage her home. KentuckyWoman Aug 2022 #18

Excellent advice. All roadblocks I've run in to. 7wo7rees Aug 2022 #25

I think they are out of compliance with reg B Buckeyeblue Aug 2022 #19

Interesting! Beatlelvr Aug 2022 #21

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