You won't believe this, the lenders have a "built in" rebate of $6000 on 99% of the reverses in the market - if they are charging on the front, that is just additional fee - but you do have to pay for the appraisal upfront.
Good Luck, and don't use a reverse if the senior is going to leave the house to their heirs, the heirs will have to pay in full (the amount of the reverse plus all fees and deferred interest payments over the term of the loan) upon disposition.
hello i was wondering im in california and i want to buy a home it is an reo property but was told there is a lis pendens on the home. the home is empty but the bank has not yet put the lock on it. how long before it goes on the market for sale?... more