Reverse mortgage

[Jimmy Cantave]

when it comes down to a reverse mortgage property how can you wholesale the property?

[Mark F.]

@Jimmy Cantave

A reverse mortgage is just a home loan, so you wholesale like normal. Nothing about the reverse mortgage makes wholesaling any different than any other property with a mortgage balance. 

The big question is how much is owed since the reverse mortgage is designed to extract equity from the property over time. If the homeowner has had it a long time and if they've been using it, they could have a sizable balance. Note that the most that ever has to be paid back on the reverse mortgage is the value of the home, so if they owe more than the home is worth, the homeowner isn't on the hook for the shortage. FHA insures against that (assuming it's the FHA reverse mortgage).