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Jesus Said:

Reverse Mortgage,Which is the best Bank?

We Answered:

I would say none since you end up with no equity in your home and your estate has to pay back these loans. Pretty much you are selling your home to the bank.

Terrence Said:

Who is the best Bank to go with in reference to Reverse Mortgages?

We Answered:

Check out Wells Fargo Bank. They do them. Wells Fargo Home Mortgage is a division of Wells Fargo Bank.

Good luck


Bill

Arnold Said:

reverse mortgage. is it against the law if you dont report the person that died to the bank?

We Answered:

If she has a reverse mortgage, the bank is entitled to their money on sale of the home, which should take place soon after death.

Yes, it is illegal (it's fraud) for the executor of the will to fail to notify the lender. They are required to do so to all creditors as soon as practically possible after the death. 4 months is far too long.