Saturday, February 11, 2012

GOP-led House bill to end troubled mortgage program passes

April 4, 2011 by  
Filed under mortgage loans

GOP-led House bill to end troubled mortgage program passes
House Republicans pushed through legislation yesterday to terminate an underachieving Obama administration program designed to reduce mortgage payments for homeowners in danger of losing their homes to foreclosure.
Read more on Boston Globe

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

April 30, 2010 by  
Filed under reverse mortgage

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?

April 1, 2010 by  
Filed under reverse mortgage

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 [...]

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