Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 4 days ago on . Most recent reply
Bruce LynnPoster
#2 Real Estate Agent Contributor
#2 Real Estate Agent Contributor
- Real Estate Broker
- Coppell, TX
- 4,441
- Votes |
- 5,079
- Posts
Reverse mortgage while in bankruptcy?
Bruce LynnPoster#2 Real Estate Agent Contributor
#2 Real Estate Agent Contributor
- Real Estate Broker
- Coppell, TX
Is it possible for a homeowner with about 50% equity to get a reverse mortgage while in bankruptcy?
If so that would probably allow them to stay in the home and make some needed repairs.
Most Popular Reply
Bruce LynnPoster#2 Real Estate Agent Contributor
#2 Real Estate Agent Contributor
- Real Estate Broker
- Coppell, TX
- 4,441
- Votes |
- 5,079
- Posts
Bruce LynnPoster#2 Real Estate Agent Contributor
#2 Real Estate Agent Contributor
- Real Estate Broker
- Coppell, TX
Thanks for the info. House is the only thing in BK, they didn't have any other debt. I don't think it was a good option for them, but they got scared of course. Their equity could pay off the 1st, give them a bit of cash perhaps.
I expect you are right about the attorney, because he'll quit making money.