Posted on: 25th Jul, 2011 05:48 am
If I got a reverse mortgage and paid off the exsisting mortgage, can they quitclaim their interest back to me, As a reverse rule is that all owners have to be at least 62
Wait for Raymond's answer and you'll have precisely what you need to know.
Hi Guest!
Welcome to forums!
It is true that the owners of the property, in case of a reverse mortgage, should be 62 years of age. In such a situation, your children will have to sign a quitclaim deed and transfer the property to you.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
It is true that the owners of the property, in case of a reverse mortgage, should be 62 years of age. In such a situation, your children will have to sign a quitclaim deed and transfer the property to you.
Feel free to ask if you've further queries.
Sussane
