Robert
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Trying to keep a house as an heir after grandparents got a reverse mortgage

Started this discussion. Last reply by Way2Good Mar 16. 6 Replies

Hello. My grandparents got a reverse mortgage on their home a few years ago. My grandfather died in March of 2016 and my grandmother died on the 4th of March, 2017. My father is also deceased. And my…Continue

 

Salve, Robert!

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Way2Good replied to Robert's discussion Trying to keep a house as an heir after grandparents got a reverse mortgage
"Sadly, only pre-planning would have made this possible. Based upon the figures and contract the reverse mortgage company have in place (and you certainly should gain a full understanding of the paperwork) they will no doubt want the cash they…"
Mar 16
Gentleman Engineer replied to Robert's discussion Trying to keep a house as an heir after grandparents got a reverse mortgage
"Indeed. Income periodic would be of desire."
Mar 16
Gentleman Engineer replied to Robert's discussion Trying to keep a house as an heir after grandparents got a reverse mortgage
"Would the execution of said mortgage exist subsequent to the commencement of diminishments cognitive in regards to the relations of aforemention?"
Mar 16
John Muir replied to Robert's discussion Trying to keep a house as an heir after grandparents got a reverse mortgage
"Who is the executor of your grandmother's estate?"
Mar 16
Pale Horse replied to Robert's discussion Trying to keep a house as an heir after grandparents got a reverse mortgage
"I don't have anything of value to offer, only my condolences."
Mar 16
Liam Strain replied to Robert's discussion Trying to keep a house as an heir after grandparents got a reverse mortgage
"I'm sorry for you loss, Robert. One thing that comes to mind, were you the beneficiary of any life insurance policies or other benefits, which may be used to pay off the loan? "
Mar 16
Robert posted a discussion

Trying to keep a house as an heir after grandparents got a reverse mortgage

Hello. My grandparents got a reverse mortgage on their home a few years ago. My grandfather died in March of 2016 and my grandmother died on the 4th of March, 2017. My father is also deceased. And my mother. In short, I'm 24 years old and all that's left of my family. I'd like to do whatever I can to keep the home. I can't get a loan that size, and I have either no credit or bad credit and no steady income to get a mortgage and buy it if it gets sold by the reverse mortgage people. I've stayed…See More
Mar 15
Robert is now a member of Art of Manliness
Mar 29, 2016

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