My mother passed away in December and she had a reverse mortgage, what can I do to take ownership of the home?
My two siblings do not want the home. Unfortunately I do not have a great credit score. Would I be able to just refinance the mortgage?
Answers | 1
Investment Manager (Financial Advisor) in North Charleston, SC
April 24, 2016
My condolences for the passing of your mom. Have you discussed purchase options with the note holder? This would be an advantage for both of you.
Feel free to discuss this with us directly in further detail.
It's not what you make, It's what you keep that determines your lifestyle
Asked by donna
Answered by David Skow
Mortgage Broker in Seattle , WA
Thanks for your post .....your best 1st step will be to get a loan pre approval ...
Asked by Steffanie
Asked by Thomas
Answered by Greg Fischer
Mortgage Broker in Manchester, NH
Probably not. While reverse mortgage rules guarantee against declining house valu...