Real Estate Law: Walking away from reverse mortgage may not be best option – Daily Oklahoman

Q. I took out a reverse mortgage when the market was high and cashed out $300,000. Now my home is worth about $100,000. We are thinking of walking away from the house. Can the bank come after us for the money? A. No. Almost all reverse mortgages are “non ...
Subscribe to LegalLaw247.Com Newsletter

Leave a Reply

Your email address will not be published. Required fields are marked *

*


*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>