Helping Henry: an update

A few weeks ago I asked for your advice on how we could help Henry stay in his home. Suggestions included a reverse mortgage and caregiver help from Catholic Charities.

I discussed these and other options with Henry.  He has since been told by his retired son in Texas that a reverse mortgage would not give him the value of the home  (not true)  and that he should not consider this as an option. Instead, he has been instructed by his son to put the home on the market and "get as much as possible."

Henry has also been persuaded by his other son to sell the home "for as much as possible" and to move to Sequim so his son can visit him in an assisted living home more conveniently.  (Henry would pay the fees for his assisted living with his social security and the proceeds from the sale of his home.) 

Henry has decided to follow his sons' advice. He wants to sell his home and does not want a caregiver.

I can't help Henry sell his home "for as much as possible" in today's nonexistent market. And his sons won't be getting their expected inheritance, either.  No winners in this scenario.