Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

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

Buying a house with a REVERSE MORTGAGE on it

Rashad Jones Jennings
  • 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
  • Loading replies...