Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
defaulted reverse mortgage
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?