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Reverse mortage

My mother had a reverse mortgage on her home. She passed away. The home is in foreclosure now. Can an heir occupy home and stop foreclosure? by anna.anaya from Santa Fe, New Mexico. Jun 24th 2011 Reply


Chris Gummerson (cgummerson11)
#397 ranked lender in California - 648 contributions

You would have to refinance the property into your name. Contact the lender who owns the loan and see what they can do. If you can qualify, you should be able to get funding, as long as there is enough equity, to refi and stop the foreclosure.

Jun 24th 2011
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