Its very good side to take any decision we should alert for every thing. I have a reverse mortgage which name is reverse mortgage lenders direct .I think you should search this.
This has to do with FHA -
Let me know how this information helps you and I do ADVISE YOU TO CONTACT AN ATTORNEY THAT SPECIALIZES IN REVERSE MORTGAGES!!!!!!!!!!!!!!!!!!
All the very best to you and yours.
â˜… Sandra J Steele, Branch Manager
REALTORÂ®., SFR, AHWD, SRS
WISE CHOICE PROPERTIES
Sedona/Verde Valley Branch
Web page: http://www.CottonwoodHomesforSale.com
E Mail: Sandra@CottonwoodHomesforSale.com
E Mail: DesertDwellers@CableOne.net
928 649-9888 Direct Line
928 301-3898 Cell
888 460-2911 Toll Free
Let My 34 Years of Experience Work for You!
While we understand that the majority of reverse mortgages continue until one or other of the owners is deceased, in this case the owners are planning to move out of the area and will no longer occupy that property and so wish to sell the property. This is a FSBO, by the way.
We have been told that (with a reverse mortgage short sale ) the seller has the right to sell their property at 95% of the appraised value.
We are specifically looking for information about reverse mortgage short sales and would be appreciative of advice from anyone who has had experience in this matter.