Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Good morning. I am sorry to hear that you are having this serious problem. If you failed to pay the real estate taxes them that was a violation of the terms of the reverse mortgage. That is why you are facing foreclosure suit. There is not much you can do other than pay the mortgage company what they say you owe them, or hire an attorney to fight the foreclosure suit. At this point, Bank of America cannot alter the type of mortgage that you have or make you a different type of loan.
Please be so kind as to promptly rate this answer favorably so that I may be compensated and the question may be closed in the system. There is no additional cost to you. Thanks again for using JUST ANSWER.