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Updated about 10 years ago,

Eric Armstrong's profile image
Eric Armstrong's profile image
Eric Armstrong
  • from Wilmington, Delaware
  • Member since Aug 17, 2012
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Eric Armstrong's profile image
Eric Armstrong's profile image
Eric Armstrong
  • from Wilmington, Delaware
  • Member since Aug 17, 2012
Connect
Eric Armstrong
  • Wilmington, DE
0
Votes |
1
Posts
Buying & Selling Real Estate

Reverse mortgage balance is around list price of home....

Eric Armstrong
  • Wilmington, DE
Posted

List price is 239K and realtor said the home has a reverse mortgage around that amount. Will banks take less than is owed?  Would it be handled similar to a short sale?  Can I negotiate down?  Owner has been moved to an assisted living facility.  

Thanks

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