Just a couple of thoughts (and I don't know your full situation):
First, my old Pappy used to say "'don't buy something you can't afford". Thats why there are so many foreclosures, even in TV. Maybe downsize your Villages wants for awhile. Upgrade when your situation gets better.
Second, a reverse mortgage will probably deplete your old equity faster than the build up of equity in the new home. As with most reverse mortgages you will be the loser in just a few years. Housing prices and demand will probably not recover for at least 5 years in most Northern areas so if selling your old home is a problem, it will continue.
Third, consider refinancing your old home and use the cash to buy in TV. A new mortgage at today's rates is probably less than you currently pay. Most important, you will save the very high fees (tax) imposed on mortgages in FL, thus saving more money.
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All of us could take a lesson from the weather. It pays no attention to criticism.
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