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How do I reverse a reverse mortgage?

My mom just did a reverse mortgage on her home which she just closed a couple months ago and now she passed away. I want to keep the house I grew up in, most of the money she has left just a few thousand she had used to pay off some debt. How do I go about reversing the reverse mortgage so I can keep the home? by lilt_1_409_907 from Altus, Oklahoma. Oct 25th 2012 Reply


Crestico Funding (CresticoFunding)
#315 ranked lender in California - 336 contributions

Hello,We would have to refinance your home but will need the paperwork to show who is the current owner after your mom throught her will. Please feel free to contact out sales manager Houtan Hormozian via email Houtan.hormozian@crestico.com or call 310-933-4748

Oct 25th 2012
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,707 contributions

You can write a check and pay off the mortgage, or refinance the balance, but somehow you need to get FHA paid off in order to keep the home.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Oct 25th 2012
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

first , check your paperwork to see if there is a life estate, or a will , or trust .... email me and i can explain the differences you will have to qualify, unless in the will you can assume the debt and the mortgage... i was in probate court for over 1.6 yrs , so i am a expert in this field linda yourloanpartnerforlife@live.com

Oct 25th 2012
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

first you need to look to see if there was a life estate, or a will , or a trust,, email me at yourloanpartneforlife@live.com and i will explain the difference i was in probate court for over 1/6 yrs , so i am a expert in this field... if there is a will, you might be able to assume the debt and the mortgage, if it was written up that way linda

Oct 25th 2012
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