Close Menu
Home Who We Are Why We're Better 5 Star Reviews

Eligibility

Calculate Your Eligibility & Receive Expert Program Advice. (100% Free. No SSN Required) Ask ARLO™ & Receive Your Expert Answers! 1,594 Questions Answered!

Learning Center

Learn - What it is Learn - How it Works Explore Pros & Cons Disadvantages FAQ's Official ARLO™ Blog

Loan Tools

Check Today’s Interest Rates Jumbo Reverse Mortgages Counseling Locator Top 10 Lenders Lenders by City/State
Close Menu
Explore Our Blog
Home / Blog / Heirs & Loan Maturity / How Does a Reverse Mortgage Deed in Lieu of Foreclosure Work?

'Heirs & Loan Maturity' Category Archives

How Does a Reverse Mortgage Deed in Lieu of Foreclosure Work?

    28 comments
My mom procured a reverse mortgage when property values were high, in 2005. She can no longer live alone in the home and has vacated it, we cannot sell it because the home has devalued in accordance with the failed economy. The family is attempting to process, through an attorney, a Deed in Lieu of Foreclosure, but the loan has...
Read Full Article

Can You Leave Home With a Reverse Mortgage?

    45 comments
Carol wrote: Regarding the rule that the homeowner has to reside in the home: how long could that homeowner be absent (e.g. on an extended vacation) before they would be considered not residing in the house. Would they be allowed to have someone else living in the house to care take? Carol, Hi and thank you for your questions....
Read Full Article

How You Can Lose Your Home with a Reverse Mortgage

    no comments
A reverse mortgage is a specific kind of loan available to seniors age 62 and older that allows them to turn the equity they’ve built up in their homes into cash they can use for any expense. Because the reverse mortgage is a transaction in which someone borrows against the value of their home, a borrower losing his or her...
Read Full Article

When Does a Reverse Mortgage Need to be Paid Back?

    no comments
Carole has sent the following question in ask ARLO! blog. Hello. My step-mother is in her 80's, has dementia, and is the sole Trustee of a Family Trust set up by my father years ago. My brother and I are the beneficiaries. A few years back her neighbors advised and assisted her in placing the house (which had been assigned...
Read Full Article

Reverse Mortgage Foreclosure Has No Effect on Heirs

    4 comments
My MIL and FIL recently entered a reverse mortgage. House in good shape and worth about $150,000. I expect they will take a large distribution up front as well as withdrawal monthly amounts until they hit the max dictated by the lender. The large distribution up front coupled with fees, closing costs, mortgage insurance and interest build up means that...
Read Full Article
We're an Award-Winning direct lender approved by the Federal Housing Administration celebrating 15 years of excellence.
Ask ARLO™ offers real-time answers to your important questions on reverse mortgage loans covering all topics from basic eligibility to heirs and loan maturity.
Simple & straightforward. Use our free calculator to discover in seconds how much you are eligible for.
Keep up to date on all the latest news and find information by category in our comprehensive blog.
© All Reverse Mortgage, Inc. All Rights Reserved
 Phone  State Licensing  NMLS #MB13999 Access Link  FHA Lender ID #26031-0007  Privacy Policy