If a property has a reverse mortgage and the owner has passed away, is there a way for the heir to refinance?
Friday, February 20th, 2009
MisterRE asked:
Due to market conditions the heir is having difficulty selling the property. The reverse mortgage has an unusually high interest rate. Is there a way for the heir to refinance and rid himself of the reverse mortgage?
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Due to market conditions the heir is having difficulty selling the property. The reverse mortgage has an unusually high interest rate. Is there a way for the heir to refinance and rid himself of the reverse mortgage?
Caffeinated Content for WordPress