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Foreclosure in Evanston : Real Estate Advice

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  • Local Info14
  • Home Buying47
  • Home Selling5
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Activity 4
Fri Oct 4, 2013
Rebeccatrulia answered:
Hi Neil Faulkner

A Reverse Mortgage is designed to be the last loan you may ever need. It works opposite a traditional mortgage. Rather than making monthly payments to pay off a loan as is the case with a traditional or forward mortgage, with a reverse mortgage the equity in your home pays you. Since there are no monthly payments, there is no income or credit qualification required.

http://www.reversemortgagelendersdirect.com/michigan-reverse-mortgage/
http://www.reversemortgagelendersdirect.com/reverse-mortgages-vs-annuities/
http://www.reversemortgagelendersdirect.com/misconceptions-reverse-mortgages/
http://www.reversemortgagelendersdirect.com/reverse-mortgages-who-owns-the-home/
... more
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Mon Feb 22, 2010
Andrew Ennes answered:
To M. Thomas,
When you state "because the prop is not on thier radar", do you mean the bank is not as motivated to agree to a price drop during the short sale?
0 votes 3 answers Share Flag
Sun Jan 31, 2010
Dianne Hicks answered:
Evencloud
Yes, he can give you 10 days notice that he stopped paying his insurance. I suggest you make sure you get some coverage on your own until you can change your circumstances.

Kindest Regards,
Dianne Hicks
... more
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