Reverse mortgage question
Location: Atlanta, Ga
Hello all,
My father age 80 + lives in Illinios, nice property known as Oak Run. Recently , we his grown children found out he took out a reverse mortgage. Just recently he attempted to do minor repairs and ended up in the hospital for a few weeks. The nearest sibling has been keeping the rest of us updated and has powe of attorney for medical reasons. He has been diagnosed with early stages of dementia.
Last Sunday,he came home to find a sketchy half hazard note on his door from Mortgage company thinking he was being evicted. Which ofcourse went sent everyone into a panic mode. Something about warning to foreclose because of 2023 taxes not being filed which they were. I feel like these are tactics to scare an elderly man out of his home. I suggested we need to set up a power of attorney of my father's situation NOW. Plus, hire a lawyer to look over this reverse mortgage contract ...Any advice?