Re: reverse mortgage foreclosure


Posted by confused on October 26, 2008 at 06:32:02:
In Reply to: elder fraud, reverse mortgage foreclosure
Posted by NJD on October 25, 2008 at 14:11:47:

how could a reverse mortage get foreclosed? I thought the house was sold upon death of homeowner/borrower?

Even if house isn't worth the mortgage, who can the bank sell? The borrower's estate?


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