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Updated almost 6 years ago on . Most recent reply

Chuck Hupert's profile image
Chuck Hupert's profile image
Chuck Hupert
  • Flipper/Rehabber
  • from New Smyrna Beach, FL
  • Member since Jul 1, 2018
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23
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15
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Chuck Hupert's profile image
Chuck Hupert's profile image
Chuck Hupert
  • Flipper/Rehabber
  • from New Smyrna Beach, FL
  • Member since Jul 1, 2018
Connect
Chuck Hupert
  • Flipper/Rehabber
  • New Smyrna Beach, FL
15
Votes |
23
Posts
Mortgage Brokers & Lenders

Reverse Mortgage on Property?

Chuck Hupert
  • Flipper/Rehabber
  • New Smyrna Beach, FL
Posted

Hi everyone! I am in contact with a friend whose deceased uncle owned a property that has a reverse mortgage from 2009 for $258,000. I'm trying to find out if this deal is even worth spending time on. Is anyone familiar with reverse mortgages and how they work? If so your input would be greatly appreciated! Thanks ahead of time!

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