Skip to content
Starting Out

User Stats

15
Posts
3
Votes
Jeremy Bernard
Pro Member
  • New to Real Estate
  • SW Washington
3
Votes |
15
Posts

Reverse Mortgage buy from bank

Jeremy Bernard
Pro Member
  • New to Real Estate
  • SW Washington
Posted Dec 1 2022, 14:26

My Grandma has a reverse mortgage on her house, she is no longer living in it. I don't fully understand how the reverse mortgages work, my dad at this point is about to turn the keys over to the bank. Is it worth pursuing to try and get at a discount, or because it is basically bank owned it would be just like any other bank owned property?

Loading replies...