If the amount due on a reverse mortgage exceeds the value of the property, will it be foreclosed on?
I own a townhome which is in a reverse mortgage. If the amount due on the reverse exceeds the value of the property will the property be foreclosed despite the fact I'm current on taxes and all cost associated with the property?
Asked by Richard
Answered by Michael
Have you considered renting the property to someone who cannot obtain financing? T...
Asked by Beth Pietrs
Answered by David Skow
Mortgage Broker in Seattle , WA
Your best place to ask the question is either to the attorney that may have helped...