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To: dainbramaged

So there was time to sell and (hopefully) realize a profit and keep the house?


17 posted on 10/15/2009 3:33:49 PM PDT by knarf (I say things that are true ... I have no proof ... but they're true)
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To: knarf

Yes, we had one year after his death to sell the house and pay off the note or buy it ourselves - we could have financed the balance owed and rolled it into a traditional mortgage.
Fortunately it was worth quite a bit more than the reverse mortgage balance and we had a good realtor, so it all came out pretty well.


19 posted on 10/15/2009 3:53:31 PM PDT by dainbramaged (If you want a friend, get a dog.)
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