I was recently contacted by a friend's mother whose neighbor has a reverse mortgage and will be "losing it" to the bank.
Is this considered a foreclosure? Will it go to auction?
I'm planning on contacting the bank th...
Hi Everyone,So this is a real estate question - not for my business but for my family. My mom needs to retire and she can only retire without a mortgage but doesn't have the money to buy outright. She's been told she ...
Looking at a reverse mortgage foreclosure that will sell on the courthouse steps. The owner is deceased. Loan said it was for 181k. And originated in 2011.
Given that the bank has not given out the full value of the...
Greetings,
I am looking to put a property under contract of a person that just passed away. I am working with her nephew and he mentioned that he believes there is a reverse mortgage on the property.
What is the nex...
Can anyone explain how these work? What I don't understand is if the homeowner is about to foreclosure - why don't they sell their home, pay off the remaining balance, and pull out their equity? Could I be missing som...
We recently did a reverse 1031 where I work. It was quite interesting as I am not familiar with this. The properties that my employer had up for sale had to sell and close within six months. We were very close to t...
What websites do people use to do reverse phone lookups? I.e. someone gives you a phone number and the website can tell you the address associated with that phone number.
Obviously there are a lot of problems with c...
I am interested in finding out if anyone would recommend a reverse 1031 exchange?... If you have an investment property you want to purchase and take the profit from one you own but you purchase the desired investment...
Has anyone come across a PITI calculator, that will tell you the purchase price, given a particular PITI.Thanks.
I have been trying to get a property that is a reverse mortgage. When I went to put an offer on it that was a little less than the asking price, the Realtor said that it had to be for the full amount. We were tryin...