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Reverse Mortgage: The Financial Aid for Seniors

Author	Message
Niicss Joined: 03 Oct 2005 Posts: 885 130.68 Dollars($)	Posted: Sat May 10, 2008 3:27 am    Post subject: Welcome Ronald. I feel you can get the lump some of 60,000 dollars as reverse mortgage if you have enough equity in your property. As far as I understand you are willing to get a Home Equity Conversion Mortgage which is offered by FHA. For this one you need to have the insurance. According to the insurance guideline you can never get more than the wrath of your property. Hope this helps. Let me know if you have any further questions. _________________ Good is the Enemy of Great.
Lisa11 Guest 0.10 Dollars($)	Posted: Thu May 15, 2008 5:08 am    Post subject: Hi Experts! I am wondering whether foreclosure in reverse mortgage is possible or not. Can I do short sale or deed in lieu to avoid foreclosure in reverse mortgage?
larry Joined: 27 Jun 2007 Posts: 3051 428.03 Dollars($)	Posted: Thu May 15, 2008 5:25 am    Post subject: Hi Lisa. Welcome to the forum. I think foreclosure is not possible in a normal reverse mortgage as there is no monthly payments to be made. The heirs can pay off the loan if they want to inherit the property. So there is no question of DIL or Short sale. Feel free to ask if you have any further questions. Best of Luck, Larry
cliff Joined: 16 Dec 2007 Posts: 3 Location: California & Florida 2.32 Dollars($)	Posted: Thu Jul 17, 2008 9:35 am    Post subject: reverse mortgage programs Our company offers all available reverse mortgage programs and is highly experienced. You can find free quids, a calculator, and request a DVD online at http://www.allrmc.com Reverse Mortgage Lender Toll Free 888-801-2762 _________________ The specialists at ARMC are passionate about seniors and their right to age with dignity in place. We believe that everyone deserves the right to use the equity in their homes to enrich their lives.

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