Posted on: 20th Aug, 2007 03:08 pm
my mother has a reverse mortgage on her home just recently she past away. my question is how long do i have to live in her home since i have lived with her for several years.
It seems you had asked similar question earlier also.
Please check this page for reply to your question: http://www.mortgagefit.com/know-how/reverseloan-payoff.html
Please check this page for reply to your question: http://www.mortgagefit.com/know-how/reverseloan-payoff.html
hi,
with the death of your mother who was the actual reverse loan bearer, the loan became due. now to keep the house, you must pay back the outstanding amount of the reverse loan and refinance it later in your name.
incase if you don't pay back the due amount of the loan, the lender sell the house to get back the money.
with the death of your mother who was the actual reverse loan bearer, the loan became due. now to keep the house, you must pay back the outstanding amount of the reverse loan and refinance it later in your name.
incase if you don't pay back the due amount of the loan, the lender sell the house to get back the money.