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Updated over 7 years ago,
Target Property Has Reverse Mortgage....Is This A Problem?
Hey All,
During the course of due diligence on a prospective target property, I find out that the owner has died, but there is a reverse mortgage on the property. I know nothing about reverse mortgages. Is there any concerns with this or does it pan it's self out during the process? Any insight on this is greatly appreciated. Thanks, Chris