How does a reverse mortgage work?

How does a reverse mortgage work?

My aunt has power of attorney over my grandmother’s estate, on which they have placed a reverse mortgage on. My mother and step-father take care of her 24-7 since she is bed ridden. They recently purchased a home near their family (us)and are jumping back and forth with my grandmother, since my aunt states that they have to stay 16 days each month in my grandmother’s home, due to the reverse mortgage. My aunt has also threatened to find someone else to care for my grandmother but my grandmother wishes to stay with my mom and step-father. What rights and power does my mother have in this case as for caring for my grandmother, and keeping her at my mother’s location, without hurting the reverse mortgage?

Asked on April 23, 2014 under Real Estate Law, California

Answers:

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.