I am researching a reverse mortgage. I own a condo and am wondering if my ownership of another condo in the same complex
as an income property disqualifies me. by tombit_299_262 from Egg Harbor Township, New Jersey. Nov 22nd 2012
Raymond Denton (Raymond)
#10 ranked lender in Ohio - 224 contributions
No. All that matters is for your condo complex to be HUD approved. Condo complexes are approved for 2 years, and then need to be re-approved. I'll check it out for you if you'd like (I'm at www.NorthCarolinaReverseMortgage.com)
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