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Updated over 5 years ago,

User Stats

164
Posts
32
Votes
Rashad Jones Jennings
Pro Member
  • Developer
  • Atlanta, GA
32
Votes |
164
Posts

Buying a house with a REVERSE MORTGAGE on it

Rashad Jones Jennings
Pro Member
  • Developer
  • Atlanta, GA
Posted

Has anybody ever bought a home with a reverse mortgage on it? The only thing I can come up with is to list it on the market. Numbers are too tight for anything else and with reverse mortgage if they leave the house it’s in default so Sub-2 is out. If they die it’s in default for 6 months. Basically if they not living there it’s in default and the heirs have 6 months to sell or buy it themselves. I’m still doing my research on reverse mortgages, if anyone has delt with them before feel free to chime in. Thanks.

  • Rashad Jones Jennings
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