Advice for selling moms house

[Mauricio Perez]

Hey guys, My mother is selling the old house then renting an apartment. She’s 76 and widowed, living and maintaining a 3.2 home alone on a reverse mortgage. The yearly maintenance expenses plus the loss of equity were in the red and she’s on social security. We close Jan 2nd at the buyer’s request. Any advice on what my mother could do financially with the sale income without buying another property? She’s already paying most back to the bank for the reverse mortgage. Are there any tax breaks for folks her age? Is there anything I should watch out for with the reverse mortgage or taxes? Sorry if this isn’t the right place to ask, but I love bigger pockets and with all the investment and real estate pros on here I wouldn’t really know where else to turn. Thanks, Mauricio