Wealth and property passed down from parents to their children can be a major financial boost. But as some aging parents struggle financially, they can become prey to mortgage scams or even the complicated lifeline of reverse mortgages, where homeowners trade equity in their homes for cash but won’t be able to leave their property to their family. Home repair is at the root of the ability of senior Chicagoans to stay in their homes as they age. Local organizations are trying to provide relief without depriving seniors of the ability to pass their homes down to the next generation.
