Talk of The Villages Florida - View Single Post - Need Attorney to deal with a reverse mortgage closure
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Old 03-22-2018, 08:18 AM
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Quote:
Originally Posted by EdFNJ View Post
This is a REVERSE MORTGAGE. They have been paying HIM for 10 years. That is what I thought for the last 15 years and expected. I went online to the mortgage company website and they say they won't take the apartment unless it is fully emptied (a $2000 job in itself) and cleaned out. If it isn't left that way they will cal in the balance of the mortgage (over $100K for a place now worth about $50K) and blah blah blah. I have been reading they go after the family as well. There was lots more that really bothered me so I stopped reading. It is bad enough I have to deal with his passing and now this.

I'm hoping a lawyer would know how to legally tell them to F off and the apt is abandoned.
In general the debts of the deceased can not be collected from anyone other than the estate. If the estate paid money to beneficiaries and did not pay the debts of the estate then I think the debtor can try and recapture the money. Their are people - check classified adds etc that do estate liquidations. They will price and sell everything. You might also be able to get someone like Goodwill to take part of most of the items. Maybe a local church group can use the stuff.