Reverse Mortgage
I have a prospect that is looking to sell but it is complicated. The property has a reverse mortgage on it. The home is part of an estate. The executor is has been given permission to sell it to settle the reverse mortgage. Has anyone run into this and how did you do it.
RM started in 2008
Paid till July 2013
RM Company wants $99k for the house.
Comps are coming out at $99k-$125
Executor has till July to sell or they will have to leave.