buy house with reverse mortgage by company thats out of business

[Shella Sanders]

I found a house driving for dollars. and skip traced to find an elderly lady in an old folks home. 

called her and she said she would love to sell me the house but she did a reverse mortgage 

and doesn't know why the house is still in her name. she said if i could figure out what to do she would help me get it done. 

I looked up the deed of trust on the county website and then looked up the lender and saw a bunch of bad reviews online, as well as an audit against the company for not following HUD's guidelines and also that it went out of business in 2011.

the company is called Financial Freedom senior funding corp governed by the state of delaware but did business out of irvine california. her deed of trust was executed to them in 2003. 

what can be done to unravel this?

[Doug Wade]

@Shella Sanders wouldn’t the county or city know who has been paying the taxes since 2011. Apparently someone has been or a tax sale would have been done.