2025……..A new turn for our company.
Over the past few years, as most families with elderly parents do/will have, we have been through some hard times with our loved ones due to multiple life changing scenarios. 2 Years ago, our Mother passed away due to complications of Dementia. Our latest issue brought us to needing care for our father, who was diagnosed with Parkinson’s and Dementia. After falling and hitting his head twice within 4 days, he was left with degraded motor skills, with hopes of regaining his ability to walk. After some physical therapy, it looked as though he was headed in the right direction, even taking up to 100 steps. Unfortunately, the Parkinson’s took over and sadly, he is now unable to get out of bed on his own ability.
After moving our father to a few hospitals with PT as a priority as he was fighting to get better, his care needs went up as his motor skills continued to decline. My family had researched multiple Nursing care facilities and we found an amazing place near-by that caught our attention. This facility has 20 rooms per unit and multiple nurses and aids to help. At this point, PT and long term care were our biggest concerns. We met with the director and had our tour. All boxes were checked on this facility and we graciously accepted the chance to get in. There were only 2 beds available at this facility and we needed to act fast if we were to get in. Next step in the process was to provide POF (proof of funds) with at least 1 years worth of $$ in an account to cover the cost of the facility’s daily/monthly care, which would cost over $11,000/month for the care necessary for our father. Luckily, we were fortunate to have those funds available.
I say that to say this. There are A LOT of people who do not have that money available in a checking/savings/money market account to cover that initial POF. Most people fall into the category of NOT having the Proof of Funds up front, and rely on selling their biggest asset, THEIR HOME, for funding. The only way some people are able to afford elderly care is to eventually sell their home. Once the home is sold, the funds will be available to send POF to said Nursing Care Facility. This could take quite some time and if you don’t have the funds available, you might miss your chance to get the bed you/your family member desperately needs.
This is where we come in!
Our process is simple. We will sit down with the owner, or POA (Power of Attorney) and come to an agreement on a sale price for the home in question. Once our papers are signed, instead of waiting for the sale of the home via a Real Estate agent, which could take weeks, months, even a year or more depending on the market and your home’s location/condition, we will provide you a Proof of funds letter that you will be able to send the Nursing Care Facility within a few days of contract signing, guaranteeing your funds, and guaranteeing you/your loved one’s spot in the Facility. Once the house closes, (usually only up to 14 days) the funds will be available before the first payment is due, so you/your family member is able to transition with no issues and no headaches.
For everyone’s peace of mind, we only use Real Estate Attorney’s for all of our transactions. If we do a private deal, there are no realtor fee’s and no hidden costs. We will even cover all closing costs so all you need to focus on is…..YOUR situation.
If our services are something that you feel as though meet your criteria and circumstance, please give us a call at 757-598-1887. You may also reach us via Email.
We can’t wait to hear from you.