Quote:
Originally Posted by EdFNJ
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. |
You might want to look at this since the value of the home has decreased quite a bit:
What happens if my reverse mortgage loan balance grows larger than the value of my home?
We used Jeffrey Skates at Mclin Burnsed in Sumter Landing and were impressed with his knowledge and happy with his advice. It wasn't for reverse mortgage, it was for estate planning.
Jeffrey P. Skates — McLin Burnsed