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Updated almost 8 years ago, 03/28/2017

Michael H.'s profile image
Michael H.'s profile image
Michael H.
  • Investor
  • from Kansas City, Missouri
  • Member since Mar 24, 2016
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User Stats

130
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64
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Michael H.'s profile image
Michael H.'s profile image
Michael H.
  • Investor
  • from Kansas City, Missouri
  • Member since Mar 24, 2016
Connect
Michael H.
  • Investor
  • Kansas City, MO
64
Votes |
130
Posts
Buying & Selling Real Estate

Reverse Mortgage

Michael H.
  • Investor
  • Kansas City, MO
Posted
I was recently contacted by a friend's mother whose neighbor has a reverse mortgage and will be "losing it" to the bank. Is this considered a foreclosure? Will it go to auction? I'm planning on contacting the bank that owns the mortgage but not sure what to ask or even if they'll give me any info. Suggestions welcome. Thanks.
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