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Updated about 9 years ago on . Most recent reply

User Stats

372
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132
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Varinder Kumar
  • Real Estate Broker
  • LA & ORANGE COUNTY CA -Multi Family
132
Votes |
372
Posts

Reverse mortgage home

Varinder Kumar
  • Real Estate Broker
  • LA & ORANGE COUNTY CA -Multi Family
Posted

My neighbor passed away two weeks ago and I just found out that he had a reverse mortgage on his home. I am wondering how I can go about purchasing his home? What the process would be and with the purchase price would be? Would I pay with the loan and balanced at? And who would I talk to to get more information in regards to, possibly making this an off market deal?? I feel like I might have an opportunity on my hands here just need to know how to go about it Please advise thank you!

  • Varinder Kumar
  • Loading replies...