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Don't be too hasty with this. make sure they get proper advice as the stakes are high. It may be possible for them to borrow some money too. If not immediately perhaps with some planning it will be possible.

about $0. A reverse mortgage may be possible?

I was going to say Equity is not as good as cash too. Retires wind find it very hard to borrow if they are not working. As for the court case, expect your parents to lose half of their house. Getting a mortgage won't help at all because they will be borrowing money. Borrowed money is...