Reverse mortgage short sales , why so difficult ?

2 Replies

Why are reverse mortgages so difficult. What’s the lenders motivation ? Tom

RM lenders must not accept less than 95% of a current fha appraisal......in order to be reimbursed by fha, which insures the loan.

Easy short sale transactions generally compared to others when it comes to processing, but tougher to get good deals from an investor perspective due to HUD guidelines.

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