Is there any way to save a coulple in their 80s, paid off residence, if their rental property goes in to foreclosure. They can no longer aford to keep up the expense of the rental .
Rents have fallen in the area far below what they need to continue to make the payments. Also the house has been refinanced above what it can be sold for, the money has been used to keep the house going.
This is a very serious situation they have owned their residence for 57 years and if the mortgage company takes the home they will be in the street with no place to go and not enough money to get a place to live They live in Colorado.