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Posts Tagged 'death'

Notify Death of Spouse Holding Reverse Mortgage?

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My ex-husband just died. There was a reverse mortgage on the house. When we applied for the reverse mortgage, the lender told us to take me off of the deed because I was eleven years younger than him. She told us to wait three months and put me back on the title. We did this. I live in another state....
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Can You Access Reverse Mortgage Funds Left After Death?

My mother had a reverse mortgage since 2007. Her house at the time was appraised for $510,000. Her credit line was approximately $340,000. To date, she received payments totaling approximately $270,000 with $78,000 remaining available. We received a phone call from an appraiser for the bank a day after her funeral looking to set up an appointment to inspect...
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