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Updated about 2 years ago on . Most recent reply

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12
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6
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Horace Hayes
6
Votes |
12
Posts

Ownership Transfer on a Reverse Mortgage

Horace Hayes
Posted

My grandmother has a reverse mortgage on her property and wants to transfer ownership so I can purchase from mortgage company if anything was to ever happen to her.  Since she took out the loan the home has built quite a bit of equity.  We are trying to know what's the best purchase option in this scenario.  I am in her will but we are unsure if that holds priority for this type of loan.  Any recommendations for real estate attorneys in the Atlanta area would also be appreciated!

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