REVERSE MORTGAGE FORECLOSURE,CAN SAVE,BUT CAN I LEIN HOME GET PAY

[James D Kidd]

I HAVE A HARD CHOICE TO MAKE,MOTHER IN LAW 'S HOME IS A REVERSE MORTGAGE HOME,BUT IN FORECLOSURE PROCESS FOR INSURANCE LAPSE AND UNPAID TAXES. ABOUT 8 THOUSAND OUT OF POCKET TO BRING CURRENT. MY QUESTION IS THERE IS A WAY TO PLACE A LIEN ON THE PROPERTY SO LATER ON I CAN GET REPAID BACK FOR SAVING THE HOME? 5 SIBLINGS ME AND MY WIFE HAVE DONE EVERYTHING WITH ZERO HELP FROM HER BROTHERS OR SISTER,I DON'T MIND DOING IT FOR HER MOM,BUT I DON'T WANT THE OTHERS TO SCREW ME OUT OF THE MONEY I PUT IN. THE HOUSE BALANCE IS 214 -230 AND HOUSE IS WORTH PROBABLY 100 THOUSAND MORE THAN WHAT IS OWED. HELP I NEED ADVISE IN THE WORST WAY.

I THOUGHT ABOUT SAVING IT,REMODELING A FEW THINGS THAT NEED IT,AND POSSIBLY TRY TO SALE IT WITHIN A CPL OF YEARS. MY WIFE IS OVER HER MOM'S FINANCES NOW (POA),AND HONESTLY THE HOUSE IS WAY TOO MUCH UP KEEP FOR HER AND A STRUGGLE FOR ME TOO.NICE HOUSE ,JUST TOO BIG WITH THE POOL. I TOLD HER MOM AND DAD BOTH I WOULD DO EVERYTHING POSSIBLE TO KEEP THEM IN THEIR HOME,AND BETWEEN THE OTHER SIBLINGS NOT TAKING ANY RESPONSIBILITY TO HELP,IT'S JUST ABOUT TO BREAK ME. HER PARENTS BOTH HAD ALZHEIMER'S,HER DAD PASSED AWAY IN DEC,AND JUST TRYING TO KEEP MY PROMISE TO HIM THAT I WOULDN'T LET ANYTHING HAPPEN TO HER,BUT THE MONEY I HAVE ALSO CAME FROM A IRA FUND THAT MY DAD LEFT ME IN APRIL WHEN HE PASSED.I REALLY WANTED TO BUY A HOME WITH THAT MONEY AS A DOWN PAYMENT,BUT IF I THINK I CAN GET IT BACK LATER THEN I WILL BE THE HERO FOR NOW ANYWAY.