I'm looking at this single family house that needs some work. The owner is 94 years old and is now living with her niece, who is the one selling the house.
The niece is telling me that there is a reverse mortgage on the house. This is the first I'm hearing of this. Now, I did some research and my question is:
Does this give me the upper hand or any leverage at all when making an offer on a property that has a reverse mortgage?
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