Posted on: 29th Oct, 2009 04:07 pm
Can you file bankruptcy and also use the Reverse Mortgage program at the same time?What are the do's and dont's while using the Reverse Mortgage program?
Bankruptcy's must be discharged prior to getting a "clear to close" with a Reverse Mortgage. That means I can start your paperwork and get your loan completely Underwritten, but we'd have to wait until the bankruptcy is officially discharged before you can sign the final loan documents.
I don't have the answers to that question, you should check with your tax preparer
What does a tax preparer have to do with her question?