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Buying & Selling Real Estate

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130
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Michael H.
  • Investor
  • Kansas City, MO
64
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130
Posts

Reverse Mortgage

Michael H.
  • Investor
  • Kansas City, MO
Posted Sep 21 2016, 09:01
I was recently contacted by a friend's mother whose neighbor has a reverse mortgage and will be "losing it" to the bank. Is this considered a foreclosure? Will it go to auction? I'm planning on contacting the bank that owns the mortgage but not sure what to ask or even if they'll give me any info. Suggestions welcome. Thanks.

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