Posted on: 07th Jun, 2010 10:18 am
my mother died and has a reverse mortage and what do i need to do if she dies? can i make payments monthly or do i have to refinance it or what and when is it due
Hi mreynolds!
Welcome to forums!
You will have to refinance the mortgage in your name and keep on paying the mortgage dues to save the property. If you stop the payments or do not refinance the property, then the lender will foreclose it to recover the dues.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You will have to refinance the mortgage in your name and keep on paying the mortgage dues to save the property. If you stop the payments or do not refinance the property, then the lender will foreclose it to recover the dues.
Feel free to ask if you've further queries.
Sussane