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Roger
Roger, Attorney
Category: Estate Law
Satisfied Customers: 31217
Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
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My mother passed away with a reverse mortage am I personally

Customer Question

my mother passed away with a reverse mortage am I personally responsible for paying the loan
Submitted: 6 months ago.
Category: Estate Law
Expert:  Roger replied 6 months ago.

Hi - my name is ***** ***** I'll be glad to assist.

Expert:  Roger replied 6 months ago.

No, you are not legally liable for your mother's loan, but if you would like to keep the property, you'll likely have to work with the lender to re-finance the property and pay off the reverse mortgage in order to avoid losing the property.

Expert:  Roger replied 6 months ago.

Usually, reverse mortgage lenders do not want the property and are not in the real estate business, so if you want to keep the property, and you can pay off the debt with a refinance (or cash), then you should be able to keep the property.

Expert:  Roger replied 6 months ago.

Please let me know if you have any additional questions. Thanks!

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