Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 15 years ago on .

User Stats

40
Posts
4
Votes
Aaron Schwartz
  • Real Estate Investor
  • Abilene , TX
4
Votes |
40
Posts

House with Reverse mortgage?

Aaron Schwartz
  • Real Estate Investor
  • Abilene , TX
Posted

ok i have read a few posts on here that if someone inherits a property with a reverse mortgage on it they can sell it even with negative equity and FHA makes up the difference.

Is this true?

Heres my situation.. a lady who i had sent a post card to just called and said she would like to sell her house she inherited. It has a reverse mortgage on it from her mother who has passed owing 60k. House is worth 70k

Is she allowed to sell for a deep discount?
Or does it need to go through a short sale with he mortgage company?

thanks in advance.