Reverse mortgage or Equity loan?What is the best, least confusing and fastest way to sell a senior’s home?
Posted March 15th, 2010vixxen asked: My grandma is near 80 and my granfather is mentally gone.She doesnt want to be in the house when people are viewing her home.So, I think the best way is for her to see the home she wants to buy, get a mortgage for it, move and THEN sell her home. It is [...]
Feelings on senior equity reverse mortgage?
Posted March 13th, 2010Jules M asked: I am at the age that I can use Senior Equity Reverse Mortgage. I would like to hear from some of you who have taken advantage of this and how it is working for you….Caffeinated Content for WordPress
Reverse Mortgages?
Posted March 12th, 2010Grammie asked: I heard, yesterday, that many people have lost their houses by getting a reverse mortgage.
I am not planning on getting one myself, but why would they lose their house before they die?
How does a reverse mortgage work. I thot I knew.
I thot there were no payments to be made
It was not an [...]
Reverse Mortgage?
Posted February 26th, 2010schwabauer1 asked: I my name is not on the title or I am not a barrower on the house…do I have to pay it back after my Father passes away? Can the Government or bank come after me at all?Caffeinated Content for WordPress
Are there reverse mortgages that will let the brower past the house to aires, rather tan sell after death?
Posted February 21st, 2010percy b asked: I want a reverse mortgage, however I want my daughter to have the house upon my death.Caffeinated Content
Reverse Mortgage?
Posted February 18th, 2010MrStevens asked: My neighbor told me about these reverse mortgage loans and I wanted to ask here if this a safe way to get some cash out of my home. I live in Ft. Lauderdale, Fl. and am retired 6 years now.Caffeinated Content
Reverse Mortgage?
Posted February 13th, 2010MrStevens asked: My neighbor told me about these reverse mortgage loans and I wanted to ask here if this a safe way to get some cash out of my home. I live in Ft. Lauderdale, Fl. and am retired 6 years now.Caffeinated Content
How much is a reverse mortgages if the house appraisal was 250k?
Posted February 7th, 2010Dr. C∂ƒƒee £ips :} asked: My mom is doing that to my grandmom’s house just to get her money :[
I think she’s lying about how much money she’s going to get back so she has to give my grandma less.
So how does the reverse mortgage work? and how much money would my mom get back?Caffeinated [...]
Can someone clairify about reverse mortgages?
Posted February 4th, 2010Misee asked: If someones parent has a reverse mortgage on their home. If
and when the parent passes on. Will the percentage that the
parent had for repayment of a loan extend to the survivor, or
will the bank re-do the contract to reflect the new owner of the
home?Caffeinated Content - Members-Only Content for WordPress
I do not have enough equity to qualify for a reverse mortgage so I am told so now what do I do ?
Posted January 18th, 2010Dorotha A asked: The agency refuses to help me and the police deparment said it was the District Attorney’s baby and he says it is the police departments so I get Mr. Jones and Mr. Brown then I get the run around.
One mortgage place says my credit score is too low another one my [...]
What do you think of reverse mortgages?
Posted January 14th, 2010TheTerminatorFan asked: Let’s say I am 65, and I get a reverse mortgage on my house. Do I get a monthly check from the mortgage holder? Will it be the same amount as a normal mortgage that I pay the bank? Or less? And how much less? And most important, what happens if I live [...]
How does a reverse mortgage work?
Posted January 10th, 2010Emu Non Grata V1.5 asked: I’ve read a little bit on them but haven’t really determined the ins and outs of them.
Just looking for more info.Caffeinated Content for WordPress
What are the down-falls of a Reverse Mortgage?
Posted January 3rd, 2010theevillink asked: My 71 year-old mother, who is a bit financially strapped, received information from her retirement association about Reverse Mortgages. The papers makes it read like for fees of roughly $300-ish, the bank will just give her whatever money she wants and she won’t have to pay anything back until the sale of the [...]
Does anyone know about reverse mortgages?
Posted December 26th, 2009GJfromfla asked: My mother has talked to a consultant about a HUD reverse mortgage. She thinks she needs it to help in her retirement. Is it a good deal or a rip-off?Reverse Mortgages
Public Records Reading- Mortgages, Do home equity loans show or just reverse and second mortgages?
Posted December 24th, 2009itsjunglepat asked: I read public records when doing RE research so I’m wondering. I guess that only second and reverse mortgages show. And why would someone choose a second mortgage vs home equity loan?
Are we saying that a home equity loan automatically shows as a lien?Caffeinated Content
Can you use a reverse mortgage for a purchase of a home and get down payment assistance?
Posted December 11th, 2009Tyrone P asked: This is the right question just answer without implying people asking do not understand. That is why there is a question.Caffeinated Content for WordPress
What is the downside of reverse mortgages?
Posted December 10th, 2009Liligirl asked: My in-laws are elderly (in their mid and late 80s) and own their home outright. The in home care expenses for my father in law are mounting and reverse mortgaging their home seems to be the answer. Does anyone have any suggestions about who to go with for the lowest rates or what [...]
My grandfather’s “caregiver” (and power of attorney) has gotten a reverse mortage on his property.
Posted November 12th, 2009chris g asked: I had a title compnay do a property profile and found out that the amount of the loan is at least 150K higher than the value of his home (at the time the reverse mortgage was effective 3 months ago). Right now its more like 200K higher. This is an [...]
Mortgage Foreclosure: Paid reinstatement amount 2 days late?
Posted October 30th, 2009Boutique Girl asked: Hello,
We received notice that our house was going to go into foreclosure unless we paid $3024 within 30 days. We were able to come up with the money, but it was 2 days late. We talked with several different reps with Wells Fargo and they tried to get it “reversed” but were [...]
reverse mortgage?
Posted October 21st, 2009mamaof1 asked: I hope i made sense….if not ill try to make it sound simplerCaffeinated Content