Finance Plan Sounds Risky to Reader

Robert Bruss’ advice to an 82-year-old woman who needs to finance her nursing home care is irresponsible. He recommends that she sell her home for a small down payment and carry the mortgage to finance her nursing home costs.

A buyer with only a minimal down payment and willing to pay above-market interest implies less-than-stellar credit worthiness and no incentive to stick around with the next downturn in housing prices.

Would Bruss want his mother to depend on a monthly check from this buyer for her long-term security?

SANDY HACK

Valencia