Deceased owner with reverse mortgage

[Justin Braithwaite]

Quick question that I am hoping someone can help with...

I got a call call today in response to a yellow letter I sent. It was the son of the deceased homeowner.  The son said that the father took out a reverse mortgage and that after the father died, the son went to court and the judge said that the mortgage company could not take the house. The son had no time to deal with it so he just left it alone. This was 5 years ago. I checked the property records and the mortgage was assigned to another bank, but that is it. The recorded amount of the mortgage is in excess of the current value of the home. Is there anything I can do here or should I just go on to the next opportunity?

Thanks!