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Craig Newborn
  • Real Estate Investor
  • WA
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Reverse mortgage

Craig Newborn
  • Real Estate Investor
  • WA
Posted Mar 3 2012, 11:59

I received a phone call from a gentlemen who wants to sale his mother's property. The mother passed away and the prop has a reverse mortgage. The son is unable to obtain a loan, and there is no equity in the property. The bank is willing to take less than what is owed but still no equity. I would like to assist but not too sure what options I have to offer. Any suggestions would be appreciated.

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