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Buying a property that has a reverse mortgage on it?
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ozzymydog
Posted 4/25/2022 15:47 (#9631556 - in reply to #9630772)
Subject: RE: Buying a property that has a reverse mortgage on it?


55912
I havnt done any work on finding out any info but was blindsided by a daughter of my neighbor who is in bad health and took the reverse mortgage and was told as soon as she goes it will be for sale. 6 fighting kids in the family and it's a rundown property. Maybe even beyond repair. Will see what happens. I think they all expect a pay out and when it's done I bet they all get a bill. 92 yr old sweat lady that didn't have 6 kids or grandkids just like her. See what happens.
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