NYC - My father has alzheimer's and I have full Power of Attorney. The house deed is in my name. However, is a life estate for my father. I have been taking care of him through this situation so I am out of work and have bad credit. Income of my father is about $6,500 per month. The house is worth about $515,000. I want to take out $200-250,000. I need to pay this debt off, send my daughter to college, get a part time health aide, and fix long due house repairs. I applied under my name @Chase and was denied (I'm thinking cause of my credit).
How would I go about obtaining a H-E-L in my given situation? My only last choice would be to sell the house and move into something smaller, or rent.