Posted by Brandi_TX on April 20, 1999 at 11:11:26:
From what I gathered, neither the Nursing Home or the state take possesion of the home. They just include it’s value in their calculations, or take the proceeds from a sale, or you keep the proceeds and count it as income that decreases your eligibility.
I don’t believe that Nursing Homes are in the business of “taking houses”. If a Nursing Home was to take title to a house I am sure it would be because the family made arrangements to do so, and it was to the benefit of the home to agree. It is not their RIGHT to TAKE anyone’s house. (Allthough the qualification guidelines can seem to FORCE aperson to sell their home to come up with the dough!)
So in answer to your first post, I don’t see a tremendous opportinity to get houses from Nursing Homes. BUT, who am I to say what the Homes in your area do. After reading the sites I gave you, GO ASK the homes what their procedures are. You never know until you ask.