NLIC.org

Max Said:

After a house is put up for sale because owner defaulted on mortgage payment can order be appealed?

We Answered:

Technically the mortgage company still owns the property. If you stop payment, they can foreclose and take the house back from you and then sell it at auction. Once the judgement has been made, it's a done deal. It definitely can't reverse it. Now, if the papers have been filed, but there's been no judgement made yet, I recommend you call the lender immediately and make arrangements to pay if you'd like to keep your house.

June Said:

If you are against the bailout are any of these 12 House reps yours? They may change to yes vote?

We Answered:

Well none of them are mine thankfully.


Here is the alternative plan my Congressman, and the Ohio Representative are proposing instead.

No BAILOUTS Act

Bringing Accounting, Increased Liquidity, Oversight and Upholding Taxpayer Security
http://www.defazio.house.gov/index.php?o…

Sean Said:

after 1 spouse dies what happens to the reverse mortgage?

We Answered:

Since she quit claimed out the house goes to the bank. She has no legal claim to the property.

She has 30 days to inform the bank of his passing.