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Can i get a reverse mortgage when the home is in a living trust?

by JEckstein from Fort Lauderdale, Florida. Nov 6th 2012 Reply


Travis Torcoletti (travis.torcoletti)
#0 ranked lender in South Carolina - 372 contributions

That can be done but the living trust complicates it a bit. An attorney would have to review the trust setup and accompanying docs

Nov 6th 2012
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Mostly Yes, sometimes No... the home comes out of the trust to complete the mortgage, and then it's immediately put back into the trust... the details of your trust in most cases will dictate whether it can be done or not, but in most cases it can... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Nov 6th 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

As long as this is your primary residence and your meet the age requirement, you should be able to obtain a reverse mortgage. Work with a local Mortgage Banker/Broker that specializes in reverse mortgages. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Nov 6th 2012
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Stephen McWilliam (StephenMcWilliam)
#136 ranked lender in Florida - 48 contributions

Most likely yes but the Trust documents would need to be reviewed.

Nov 6th 2012
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

are you in a life estate?? linda are you the benificary of the trust? i happen to know a lot about wills, trusts, probates, etc first hand experienced... linda my email is yourloanpartnerforlife@live.com

Nov 6th 2012
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#58 ranked lender in Georgia - 807 contributions

We specialize in Reverse Mortgage's call me a call 954-274-7725 Ralph Guertin

Nov 6th 2012
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