<prompt> Human: Hey - I know this is a bit rambling, but Im looking for some financial advice. Let me know if this is the wrong sub for this.Long story short, my mom has made some pretty awful financial decisions, and is looking at being completely, 100 broke by the end of the year. My mom cannot afford her current house she owes roughly 220k, from what I understand. For various reasons, having her live with me and my spouse is not an option at all. While we have some money, we cant afford a 2500 monthly mortgage, not including all her other bills, in addition to our own house, bills, and daycare. I should mention that she currently has no job she just quit hers without one to go into, and, due to her age and skill set, she may be forced into retirement a couple years early.What are some options here?Some questions:- Looking into it, it seems like it may actually be less expensive for us to purchase a condo and rent it to her, than for us to rent her an apartment long term or put her into a home. My spouse and I could have the funds for a small down payment, and to pay a small monthly mortgage on a condo in the 40-60k range if shes unable to do so, but obviously its infuriating that we have to use our savings to bail her out. What are the long-term financial issues with doing something like this? Anyone have experience in it? Is it a completely terrible idea?- Probably a question for the real estate sub, but what are the financial options on a large mortgage? Short sale, selling, foreclosure?- What can we do to help her lower her debt without going into debt ourselves? She has a ton of credit card debt, a newish car, and the mortgage she keeps refinancing. She wont take any of my advice, and I cant keep bailing her out forever. Not gonna set myself on fire to keep her warm when shes running around without a coat, you know?Edit 1: She will get a pension in 3 years when shes at retirement age, and she has money in a 401k. I dont know how much. SO and I do plan on trying to sit down with her and going over all her financial information when we get a chance. Assistant: Your mom needs to get another job. With debt and living expenses there is no reason why she shouldnt work to support herself.If she cant afford her house she needs to sell it before it is foreclosed on.Human: Ha, believe me when I say I totally agree about the job. Unfortunately, shes 62 and this isnt the first time in the past few years shes left a job without a backup. My guess is that employers arent going to look too kindly on a woman close to retirement who changes jobs frequently. And shes way over-qualified in terms of skills and salary for a part-time job.  <response>: way over-qualified in terms of skills and salary for a part-time jobNo she isnt. She may like a high paying job based on her former skillset, but anything is better than unemployed and broke and dependent upon charity. 