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Reverse Equity Mortgages

Victoria Said:

dad passed away, no debts, reverse equity mortgage?

We Answered:

Nothing from his estate can be distributed until all of his debts are paid. He has 240k in debts. You will need to sell the house, or let it foreclose, but they will come after the estate for the rest of the money. The 23k, or anything else, can be distributed until this debt is paid off.

Jerome Said:

Do you know of any equity retrieval companies other than those that specialize in Reverse Mortgages?

We Answered:

If you have good credit and you do have equity in your home any bank will give you an equity loan.

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