Updated over 12 years ago on . Most recent reply
Reverse Mortgage Question
I have a house that I found through driving for dollars - oddly enough the home turned out to be a friend of a friend of a friend situation. The gentleman who owns the house is elder and had the house paid off 100% ------- he has moved out of the house and from what I understand has a 'reverse mortgage' on it. Does anyone have any experience at all with this? Any way I can still get the house a great price? Maybe some of the Birmingham Alabama guys have experience? Thanks for any thoughts!!