Quote:
Originally Posted by gomoho
...
I have a feeling they are foreclosures though and not reverse mortgage situations because I believe when you contract a reverse mortgage you actually sell the property to the company providing such so there would be no question of ownership or how it can be disposed of. They in turn would want to sell asap to limit their exposure on the property and the carrying costs involved.
|
Which is why I questioned the OP early in the thread regarding the difference between reverse mortgage and foreclosures. I suspect many don't know the difference.