Posted on: 16th Sep, 2009 03:08 pm
My parents took out a reverse mortgage on their home. My father has since passed away, and my mother recently moved into a nursing home. We have put their house up for sale, but to date we have not had any luck in selling it.
My question is, what repercussions would their be, if we, her children, just gave the home back to the finance company. Would they come after our mother or us?
My question is, what repercussions would their be, if we, her children, just gave the home back to the finance company. Would they come after our mother or us?
Nope
The bank will sell the house and collect thier dues and pay your monthe rback if ther is anythign else left
The bank will sell the house and collect thier dues and pay your monthe rback if ther is anythign else left