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Updated about 3 years ago on . Most recent reply

Paul Leonard's profile image
Paul Leonard's profile image
Paul Leonard
  • New to Real Estate
  • from San Antonio, TX
  • Member since Jan 11, 2021
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8
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2
Votes
Paul Leonard's profile image
Paul Leonard's profile image
Paul Leonard
  • New to Real Estate
  • from San Antonio, TX
  • Member since Jan 11, 2021
Connect
Paul Leonard
  • New to Real Estate
  • San Antonio, TX
2
Votes |
8
Posts
Rehabbing & House Flipping

defaulted reverse mortgage

Paul Leonard
  • New to Real Estate
  • San Antonio, TX
Posted

I am brand new to wholesaling and came across a property that defaulted on a reverse mortgage. There are several fuzzy details to sift through. Primary borrower passed away 4 years ago and her son is living in the property. He claims no payments or arrangements have been made. It is scheduled for auction in January. Is there a way to purchase the home before the auction? 

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