Reverse MortgageCaveat: check with heirs of will for their ok, check with elder care attorney, possible competency issues.See http://bundlr.com/b/installment-sale-contract@Bill Gulley

Now since your closing your selling something you own.. that worksHowever whenever I have had an elderly seller like this..

If so,  could be pay the elderly man a set amount every month?

SEction 8 in the mid west or deep south is nothing like Section 8 on the west coast.Section 8 tenants are sought after in those markets because of the govmit paying the rent. free market rent in those areas is very much hit and miss. so they go for the govmit surety at least for the 1 year period.on the West coast there is really not much need for section 8 in the free market like there is in those markets... and its tough to get landlords to accept them.. very tough. ergo they have a liason.I mean in our markets here on the west coast you get market rent and on time generally if you screening well and you don't get the wear and tear that the average section 8 home gets because of the family demographics usually.... unless you get elderly section 8 I had a bunch of those in Vancouver wa.. they were a dream.. even though it was below market rent they never caused any issues and lived there until they passed....

However, this property is owned by a close (elder) relative that has asked that I keep in the family.  

Seller got sued for not performing, and has filed a counter claim for FRAUD BY INDUCEMENT, violation of 475.43, victimizing the elderly, etc.

Hey guys, Wanted to get your feedback on something. My husband and I own a SFH in the Bay Area and we're considering not renewing an annual lease.  Our current tenant has been there for about 3 years now.  We're on th...

Social services will give her a social worker that will help assist her in finding suitable housing that she will qualify for.. at her age she should be in ASSISTED LIVING facility,  because she has been manipulated regarding her finances and needs someone to help her with that, basic elder abuse.

Guardians and Trustees also frequently sell properties to fund retirement for their elderly clients. 

I have a friend in Calabash Joan Twigg Elder that's a realtor.