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Dad already has a house. Mum cant borrow against it without his consent. the credit cards cant be repaid, or secured by the house either, usually. Dad could transfer the property to anyone he likes, for any price he likes, and have a life interest, but centrelink will penalise him for the...

Im not an expert in the reverse mortgage area, but they have to have a negative equity guarantee, so the debt cant grow to more than the house is worth. the credit cards debts might, but in this case, the credit cards are held by the wife, and the Mr holds the loan and title, so it wouldnt be...

the credit card debt if not paid will be passed to a collections agency, who may force her into bankrupcy. others will be better qualfied to comment as to how this would affect the house title and Dad, but Id suggest her declaring bankrupcy wouldnt necessarily affect him. He might then find it...

Walk away.