@Chris WebbWe interviewed Michael Zuber on our podcastAnd he interviewed us.

Hi Chris, What your saying makes sense and explains why I have had such a hard time with this.

Chris

Quote from @Chris Seveney: @Jeff FortunaSorry to hear that.

Quote from @Chris Seveney: @Jonathan B.On a reverse mortgage no, but if it’s going to foreclosure then it’s typically because it’s upside down / under water or there is no heirs.You could call the attorney and ask if they will let you know what the opening bid or payoff is on the property or do a case search on the county website and see the complaint as that will typically tell you the amount. thanks Chris,the complaint on the 1st mortgage only states the Principal balance due  - 321Kbut i know that once "Final judgement" is issued, its higher - i am just not sure given its a HECM Am i to expceted anything else given its a "Reverse mortgage" ?

Thanks Chris I was thinking the same thing re exposure to UBIT.

@Chris Seveney says it's not worth it, but I disagree:1. 60% of $1,000 is better than 0% of $1,000.2.

Quote from @Chris Grenzig: @Cindy Joseph if you had hired us and this person contacted us for your property we would not approve them.

(Very proud of you Chris!) 

Hi Chris,Great to see that you've immersed yourself in learning and are gearing up to take action.