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Updated over 6 years ago,

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Rebecca Ohm
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Can the heir to reverse mortgage buy house owner still residing

Rebecca Ohm
Posted

I am the heir to my fathers home. He has a reverse morgage and is still living in the home. Can I buy the house from the company he did the reverse mortgage through? If so, will I owe the total worth of the house or what? He had about 100,000 of equity in it and the value is around 300,000. He did this 2 years ago. Would I own the whole 300,000? I’m so new to all of this and my very confused! Thank you in advance! 

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