Reverse Mortgage

jwalker asked: We are planning to do a reverse mortgage for my grandfather? We’ve been told that if he were to go into a nursing home, the home and/or Medicaid can take his assets including any equity or property he has. This doesn’t seem right. Can anyone help clarify?Create a video blog…instantly.

Sandi S asked: My father recently passed away. He was recently approved for a reverse mortage for $250,000, but of course he didn’t get all of that at one time. They were sending him small amounts each time he would turn in his receipts of the home repairs he had completed. What i would like [...]

legaleagle asked: My mother-in-laws two sons living in her home are heroin users, she has applied for a reverse mortgage, if her house is confiscated by the federal government, who pays off this loan to the finance company?Website content

gsdubz asked: Will the second mortgage holders come after you or be able to put something (other than a foreclosure) on your credit like a judgement? Would they be ale to garnish wages or do anything crazy like that in the future? The reason for two loans was a first and second (100% loan) was [...]

youareneurotic asked: I would prefer that only an attorney answer this question to make sure it is accurate. I do not believe that anyone can foreclose on you except a mortgage company, am I right?Content

bakegoodz asked: I took a close look at my mortgage statement and found $20 in some type of shopping an travel discount membership added on. I called the company they canceled the membership, but they said they couldn’t refund it because it wasn’t done on a credit card and I would have to get it [...]

JayC asked: I did a refi on my home and now I have been advised that there is fraudulent activity in the processing of the loan, and the agent who wrote the loan also notarized his own work with someone else’s notary seal. The seal belonged to another employee w/ same company. She was never [...]

Johnny asked: I have a tenant who is going to break his lease and walk away. When asked to pay the owed rent on the balance of the lease, he says he is going to delcare chapter 13 bakruptcy. How do I put his debt to me on the docket to be paid by the [...]

golfista asked: the Carter administration; Has anyone learned about Saladin and Richard the Lionheart?Content – Members-Only Content for WordPress

Katie asked: I’m currently active duty, and had a preexisting mortgage and home equity loan before joining. I recently got pcs orders to my duty station which is four hours away. So I can’t live in my home anymore. In addition I’ve had my home for sale for a year and a half, no luck. [...]