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Real Estate Deal Analysis & Advice
HomeForumsReal Estate Deal Analysis & AdviceReverse Mortgage and how to make an offer???
Robert Jon Vermeer's profile image
Robert Jon Vermeer's profile image
Robert Jon Vermeer
  • Investor
  • from San Antonio Area
  • Member since Oct 30, 2020
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Robert Jon Vermeer's profile image
Robert Jon Vermeer's profile image
Robert Jon Vermeer
  • Investor
  • from San Antonio Area
  • Member since Oct 30, 2020
Connect
Robert Jon Vermeer
  • Investor
  • San Antonio Area
2
Votes |
12
Posts
Real Estate Deal Analysis & Advice

Reverse Mortgage and how to make an offer???

Robert Jon Vermeer
  • Investor
  • San Antonio Area
Posted Jan 19 2021, 18:00

Ok, I have a possible flip but do not know how to evaluate what to offer to pay for the house? What is the payoff on the reverse mortgage taken in 2014 in the amount of $112,500.00. The present ARV of the house is 140k and the tax value is 130k. How does this work?

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