Sunday, February 5, 2012

Erie Insurance heir comes to financial rescue of Lake Shore Country Club

November 24, 2010 by  
Filed under mortgage refinance

Erie Insurance heir comes to financial rescue of Lake Shore Country Club
Lake Shore Country Club, founded in 1929 in Fairview Township, has ensured its long-term financial health with a great deal of help from a member of the Hirt family, whose patriarch cofounded Erie Insurance Group in 1925.
Read more on Erie Times-News

how does an unrelated heir of property obtain ownership when unable to pay off reverse mortgage loan?

May 20, 2010 by  
Filed under reverse mortgage

borrower has passed away, and the single (unrelated) heir of property cannot obtain sufficient funds short of selling said property. and is wonder: does a new morgage start where the remaining equidy stands? and can a loan be aquired to pay off the reverse mortgage loan?

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

May 13, 2010 by  
Filed under reverse mortgage

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?

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