My great grandfather (who raised me from the age of 6,) recently passed away from natural causes, my great grandmother has had a steep mental and physical decline over the last 5 years, she now lives in a full time facility.
I uprooted my young family to move back in and return the favor so to speak for the man who raised me.
For the past 2 years my girlfriend and I have been living in my great grandfathers home with him, recently a conservator has been placed on my great grandmother's finances (after my great grandfather passed away) the house has a reverse mortgage on it and it's only me, my wife and children living in the home now. We have received a notice to quit from the conservator.
They want us out by the 12th of September.
What are my legal rights to live on the property being that it is now my great grandmothers and she cannot speak for herself and a third party is running her finances.
We have already transferred the electricity to our name.
And the reverse mortgage company already paid back the full loan amount.
Will the house simply just sit empty until my great grandmother passes away?
However you'll get some ideas here so I'll ask some questions.
Please clarify, does "And the reverse mortgage company already paid back the full loan amount." mean that the reverse mortgage has been paid off or was it used to pay off a previous regular mortgage? An existing reverse mortgage with no borrower living on the property will be a problem.
Can you afford to pay market rent and will it cover more than taxes, insurance, and maintenance?
Does your area currently have an eviction process or are they stopped for COVID?
Did you provide any care to her also?
But there isn't anyone to say she would "plan" to return to the home?