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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateReverse Mortgage
Granison Johnson's profile image
Granison Johnson's profile image
Granison Johnson
  • Real Estate Investor
  • from Chambersburg, Pennsylvania
  • Member since Nov 1, 2012
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Granison Johnson's profile image
Granison Johnson's profile image
Granison Johnson
  • Real Estate Investor
  • from Chambersburg, Pennsylvania
  • Member since Nov 1, 2012
Connect
Granison Johnson
  • Real Estate Investor
  • Chambersburg, PA
2
Votes |
15
Posts
Buying & Selling Real Estate

Reverse Mortgage

Granison Johnson
  • Real Estate Investor
  • Chambersburg, PA
Posted Mar 23 2013, 14:00

I have a prospect that is looking to sell but it is complicated. The property has a reverse mortgage on it. The home is part of an estate. The executor is has been given permission to sell it to settle the reverse mortgage. Has anyone run into this and how did you do it.

RM started in 2008

Paid till July 2013

RM Company wants $99k for the house.

Comps are coming out at $99k-$125

Executor has till July to sell or they will have to leave.

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