Two Years Away from Reaching Commercial Real Estate Rebound

Coleman Interview with Guy Cecala, President & Publisher, Inside Mortgage Finance, Inc. February 12, 2010. Mr. Cecala stated, “The outlook for commercial real estate is that we haven’t even gotten near the peak, we’re at least two years away from that.” “2010 is the year that we really start to see commercial real estate problem [...]

Is it legal to withdraw credit line from reverse mortgage if you have to walk away?

We have non recourse reverse mortgage and
we have to move out period. we want to use the
credit line to pay off credit card debit. Also if it is
a non recourse loan can their be a foreclosure.
We have excellent credit but now moving is
inevitable.

Can you walk away from a reverse mortgage?

My parents have a reverse mortgage and they need to be in assisted living. The house is not worth much more than the mortgage because they have lived longer than they thought they would! (87) Can they leave the house to go into asst living and simply let the mort co have the [...]

If a property has a reverse mortgage and the owner has passed away, is there a way for the heir to refinance?

Due to market conditions the heir is having difficulty selling the property. The reverse mortgage has an unusually high interest rate. Is there a way for the heir to refinance and rid himself of the reverse mortgage?

what happens to a reverse mortgage after the person passes away. How does that work?

I am trying to see what happens to a reverse mortgage after the person passes away

When someone with a reverse mortgage passes away, and they have not yet received the full value, what happens?

If someone who has a reverse mortgage, and has been receiving payments for a few years, passes away before they are able to receive the full value for their home, what happens next? I think that what happens is the property is sold by the estate and the balance owed on the mortgage is paid [...]