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Beth Said:

Can you sell a reverse mortgage and still have your name on the loan?

We Answered:

No. If she has a reverse mortgage, she gets paid by the mortgage company and she does not make payments on the mortgage at all. She would then be getting paid by the mortgage company from the reverse mortgage, collecting money from you and you would be giving her 30k up front that she would be getting. If you are seriously interested in this home, I strongly recommend you retain an attorney to help you. You can probably get an attorney to help you out for as little as a couple hundred dollars. Once ownership interest in a home changes at all for a person with a reverse mortgage they have to immediately notify the lender at which time. Wells Fargo specializes and is an industry leader when it comes to Reverse Mortgages. Contact someone at Wells Fargo and explain the exact situation and see what they think if you want to save the attorney fee.

Elizabeth Said:

is there any method to earn money by real estate except renting,selling,mortgage or reverse mortgage?

We Answered:

You can earn by letting it to be taken for a lease period to farmers where they pay you a monthly/yearly money,.
Or you can create a shop and start some good business & then take a heavy CC (business) Loan & further improve your business.But then again in this case your shop will be under partial mortgage.

Louis Said:

Are there reverse mortgages that will let the brower past the house to aires, rather tan sell after death?

We Answered:

All of them do.

If your daughter repays the loan you are taking out then she can keep the house.