Few options to tap the equity in Mom’s empty house

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home equity

Liz WestonDear Liz,
My 95-year-old mother lives with us in North Carolina, and she owns a house with no mortgage in New Jersey. Her medical bills are piling up. Lenders won’t give her a home equity line of credit (HELOC) on the house in New Jersey because she doesn’t live in it. How can we extract equity from the house to help pay the bills?
— Perplexed in Carolina

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