Posted on: 03rd Dec, 2010 09:34 am
My dad pass away on Nov , 01,2010. He had a reverse Mortgage for $20,000 plus $7,000 for closing fees. How long can I wait before calling them. The amount is $40,000 now. We want to pay it off but waiting for his S/S checks to stop coming before closing his bank accounts.He open this in 6-2007.
hi garygree,
it will be better if you could call the lender immediately and try to refinance the mortgage in order to get the loan transferred in your name. if you wish to sell off the property, then you should let the lender know about it. he will foreclose the property and recover his mortgage dues.
thanks
it will be better if you could call the lender immediately and try to refinance the mortgage in order to get the loan transferred in your name. if you wish to sell off the property, then you should let the lender know about it. he will foreclose the property and recover his mortgage dues.
thanks