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Updated over 6 years ago on . Most recent reply

Craig Newborn's profile image
Craig Newborn's profile image
Craig Newborn
  • Real Estate Investor
  • from WA
  • Member since Jun 30, 2011

User Stats

10
Posts
1
Votes
Craig Newborn's profile image
Craig Newborn's profile image
Craig Newborn
  • Real Estate Investor
  • from WA
  • Member since Jun 30, 2011
Craig Newborn
  • Real Estate Investor
  • WA
1
Votes |
10
Posts
Creative Real Estate Financing

Reverse mortgage

Craig Newborn
  • Real Estate Investor
  • WA
Posted

I received a phone call from a gentlemen who wants to sale his mother's property. The mother passed away and the prop has a reverse mortgage. The son is unable to obtain a loan, and there is no equity in the property. The bank is willing to take less than what is owed but still no equity. I would like to assist but not too sure what options I have to offer. Any suggestions would be appreciated.

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