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Abram Calhoun
  • Investor
  • monroe, LA
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Reverse mortgage! Should I wait until they take the property back

Abram Calhoun
  • Investor
  • monroe, LA
Posted

I have a seller but it has a reverse mortgage and the seller wants me to pay the reverse mortgage and take possession of the property. I was wondering is that a good idea or just wait until the reverse mortgage company puts it on the market

  • Abram Calhoun
  • Most Popular Reply

    Account Closed
    • Specialist
    • Paradise Valley, AZ
    2,937
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    Account Closed
    • Specialist
    • Paradise Valley, AZ
    Replied
    Originally posted by @Abram Calhoun:

    I have a seller but it has a reverse mortgage and the seller wants me to pay the reverse mortgage and take possession of the property. I was wondering is that a good idea or just wait until the reverse mortgage company puts it on the market

     Impossible to know, you don't give us any numbers to work with.

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