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Updated about 8 years ago on . Most recent reply

User Stats

142
Posts
21
Votes
Pauline Jones
  • Residential Real Estate Broker
  • New York City, NY
21
Votes |
142
Posts

Trying to get a reverse mortgage but was told need bank approval

Pauline Jones
  • Residential Real Estate Broker
  • New York City, NY
Posted

I've written to several lenders on reverse mortgages, one

of the problems is that my condo doesn't have the FHA

approval, I spoke to someone from FHA pros who

says that he can work with condo to get it but he

wants me to get in writing from my bank for

approval from them?  Since I'm behind in my

mortgage payments will they approve me?

it seems like a catch 22

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