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Updated almost 4 years ago on . Most recent reply

User Stats

7
Posts
4
Votes
Lisa Setboonsarng
4
Votes |
7
Posts

Need help on a lead in Tacoma, WA

Lisa Setboonsarng
Posted

Hi BP! I have a motivated seller lead in University Place, WA but a little stumped at how to analyze this deal. Would appreciate all inputs.

My question is, what are the pitfalls of assuming a reverse mortgage? Would the balance be up to current market value of the property, or based on the original loan amount only?

TIA!

  • Lisa Setboonsarng
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