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Edgar Said:

can debtor spend his money before credit card co. gets judgement in court?

We Answered:

YOU CANNOT GO TO JAIL FOR THIS. what may hapend is that there will be a lien on the property and in the event of the property beign sold or another eqity line taken out the lein must be satisfied.

Irene Said:

is financial freedom resources a good co, is is a reverse mortgage com? co. is in clearwater fl.?

We Answered:

Financial Freedom is the largest reverse mortgage lender with about 56% of the market.

You can go to them direct or go with a mortgage broker that does reverse mortgages, most likely with Financial Freedom.

Over 95% of reverse mortgages are the FHA HECM loan product. Financial Freedom has their own Cash Account reverse mortgage product which is for very expensive homes.

Basically you are looking for the best loan officer out there, that will spend the time with you to answer all your questions and help you get the loan.

The small firm is most likely the better source to get your reverse mortgage. The terms are the same anyway. Its just a question of service.

Anita Said:

I losing my house and have no idea where to live.?

We Answered:

Talk with an attorney and find out if your sister's had a will and when it will be probated. You don't have to move until the will is probated. Also, go to the Tampa's housing authority website (THAFL.COM) and find out if you qualify for low cost housing. If you explain you will be homeless, you might get assistance faster.

Keith Said:

The Reverse Mortgage?

We Answered:

Since she is no longer living in the home the mortgage needs to be resolved. It can be paid out of other funds or it can be sold, otherwise they foreclose.

If the son does not want to buy the house or repay the mortgage he will need to move.