To put it shortly, my mom is disabled and has been out of work for 10 years (let go because she was seen as a liability) or so and basically lives off of social security checks now. She has had medical problems her entire life and they finally seem like they are slowing down but all of this has put us in a deep
To put it shortly, my mom is disabled and has been out of work for 10 years (let go because she was seen as a liability) or so and basically lives off of social security checks now. She has had medical problems her entire life and they finally seem like they are slowing down but all of this has put us in a deep hole. I live at home with her now to help out financially but I really want to get her out of this house. She can't afford to keep living here and she can barely afford to take care of my little brother and our pets. We have several other issues but I think getting settled financially is priority number one for us at the moment.
I am a recent college graduate and I have little to no experience in the process I would need to go through to sell this house. I also feel like there are some options out there for my mom to either assist her in selling it or something along those lines. So if anyone has any guidance/information, I am all ears!
P.S. we submitted some paperwork for tax relief a few months ago and are waiting to hear back so hopefully that will help.
before selling the house, your mom should find a new place to live.
How would selling the house be of any help? She would not be in any position
to be approved for any rental. Usually pets are not allowed. She must have
a monthly income of 3 times the amount of the monthly rent and no other debt.
She must show pay stubs to prove it. Staying put is probably the wise choice.
She sells it.
1. You get a realtor. Selling houses is what they do. Make sure the house is spotlessly clean. Make sure the yard looks good. Repaint in neutral colors if it helps sell the house. Do what has to be done to make it presentable – and sellable. Absolutely NO pet odors.
2. Her rent shouldn't exceed 3x her monthly income. Look online for affordable two bedroom apartments which accept pets. Set up a folder. Print info on each apartment which fits requirements. Consider apartments on bus lines.
3. If she can't afford any of the apartments available in her community then she should apply for Section 8 housing. If accepted she will be expected to use one-third of her income toward paying rent.
4. If she gets social security (not SSI – SSI isn't social security) she needs to realize that benefits received on behalf of your younger brother will end when he is age 18 UNLESS he is a full-time high school student. Then those benefits continue until graduation or age 19 and two months-whichever comes first.
5. When the younger brother graduates from high school he should be expected to get a job and move out so that your mother can find herself an affordable one bedroom. No reason for adult children to live at home; especially when the parent can't afford to support themselves let alone adult children (even if those kids are helping out financially). If nothing else having adult children living at home increases the amount of rent which has to be paid because of the extra bedrooms.
6. She gets herself a part-time job if she can manage it. She must report to SS if she starts working and if work ends; they assume work continues unless they hear otherwise. Even though SSI will be somewhat reduced she would still be financially ahead. She would need to provide SS with proof of her earnings each month. February's proof must be submitted by March 10th; March's by April 10th, etc. Earnings reduce the SSI two months later to avoid overpayments. February's earnings will reduce the April benefit.
if she can work a different job she is able to earn up to 1170/month and keep the disability. she needs to rethink having pets in the future. I just had to pay $15000 for cancer treatment.
Once little bro is 18/19 she will lose his SSDI dependent benefit unless he is also severely disabled.
you do not sell the house. it is not yours..
realtors assist in selling-what other assistance do you need.
and where would she go? to rent she would need 3x the rent in income. If the total SSDI is $1800, she can only rent for 600…and it will still be very tight…and the pets may be an issue-that will make it harder to rent.
do you think she could buy something cheaper? unless she can pay cash for a new home, she will have to qualify for a mortgage-can she do that. If her income is 20k/year, she might get a 60k mortgage.
What about child support? If little bro's father is dead, the SS dependent benefit from the father might be higher.
another option is to rent out a room..but that can be a safety issue..but it often works out…one option is to rent to a senior citizen who can no longer afford to live on their own, but is fully independent. In my area a room in nice house with all utilities is 150/week. But if she can get a part time job making that much it would be a better option.
has she ever tried getting help from the state vocational rehab office.
Where would she go? There are few places you can afford on social security.