Hello ARLO,My parents passed away, and their home is free and clear. The executor was allowed to live in the home for five years, at which point they must either buy the home or sell it so the remaining siblings receive their share of the estate. After year five, can all siblings execute a quitclaim deed transferring ownership to the executor, allowing them to take out a reverse mortgage to pay everyone their fair share of the estate?
Leslie on 02.01.2019
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Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040) |
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All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041) |

