Real Estate Law

Have real estate law questions? Ask a real estate lawyer.

Ask a Lawyer,
Get an Answer ASAP!

I am in the midst of a Reverse mortgage and now found out…

Customer Question
I am in the...

I am in the midst of a Reverse mortgage and now found out that my deceased husband took out a 2. in 2006 for $30000 and stopped paying in 2009. He died 2013. I now owe to them $49000, but they never once send a bill or any kind of note. I cannot get a Reverse unless I pay them $25000, that my broker got negotiated. I am 70 years old and have a $30000 nest egg for emergencies. Do I have any way to keep my savings?

Lawyer's Assistant: Because real estate law varies from place to place, can you tell me what state this is in?

Menifee, California, Riverside County

Lawyer's Assistant: Has any paperwork been filed?

Yes, with my Broker for Reverse

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

I pretty much explained it all

Submitted: 10 months ago.Category: Real Estate Law
Show More
Show Less
Ask Your Own Real Estate Law Question
Answered in 1 hour by:
10/6/2017
Real Estate Lawyer: Ray, Lawyer replied 10 months ago
Ray
Ray, Lawyer
Category: Real Estate Law
Satisfied Customers: 48,920
Experience: Texas Attorney for 30 years dealing in real estate
Verified

Hi and welcome to JA. Ray here to help you today.Please bear with me a few moments while I review your question, conduct and prepare your response.

Ask Your Own Real Estate Law Question
Real Estate Lawyer: Ray, Lawyer replied 10 months ago

All you can do here really is try to negotiate if you can pay cash.The liens are already on the house, cannot get loan unless you resolve it.I am so sorry your husband did this.It clouds title. you can offer them less say $20k threatening bankruptcy, see if they accept less.They likely sent bills to the deceased husband since he was on the note.It is unfortunate he did not ell you he was going to do this.Try to negotiate down here if you can.

I appreciate the chance to try and help you tonight and am sorry for your loss of spouse and this whole situation.

If you can positive rate 5 stars it is much appreciated.

Ask Your Own Real Estate Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a real estate lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Ray Your Own Question
Ray
Ray
Ray, Lawyer
Category: Real Estate Law
Satisfied Customers: 48,920
48,920 Satisfied Customers
Experience: Texas Attorney for 30 years dealing in real estate

Ray is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Barrister

Barrister

Lawyer

12,142 satisfied customers

17 years real estate, Realtor. Landlord 26 years

Infolawyer

Infolawyer

Lawyer

8,377 satisfied customers

Experienced lawyer

Ray

Ray

Lawyer

48,920 satisfied customers

Texas Attorney for 30 years dealing in real estate

LawTalk

LawTalk

Attorney

6,208 satisfied customers

I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

Dimitry Esquire

Dimitry Esquire

Attorney

5,526 satisfied customers

JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin

Ely

Ely

Counselor at Law

4,998 satisfied customers

Qualified attorney in private practice including business, family, criminal, and real estate issues.

P. Simmons

P. Simmons

Lawyer

3,572 satisfied customers

12+ yrs. of experience including real estate law.

< Previous | Next >

Related Real Estate Law Questions
Probate questions on death and living trust process ...
Probate questions on death and living trust process ... CaliforniaHi ... I've asked a few questions to Ray but whoever is available .I just got more info from mom on the trust etc .. So new info , the… read more
Ray
Ray
Lawyer
Doctoral Degree
48,920 satisfied customers
I'm an NMLS licensed Mortgage Originator. I have a question
I'm an NMLS licensed Mortgage Originator. I have a question regarding Steering - on the mortgage side of a home purchase transaction (as opposed to the real estate side). I realize this is a very spec… read more
socrateaser
socrateaser
1,031 satisfied customers
I had asked about a reverse mortgage that was just about to
I had asked about a reverse mortgage that was just about to go through until I (mortgage company) realized I had a $12,000 Lien, which I wasn't aware of. They said (mortgage company) they would pay it… read more
Attyadvisor
Attyadvisor
Doctoral Degree
8,366 satisfied customers
I have a home I purchased with my now deceased husband in
I have a home I purchased with my now deceased husband in 2003. In January 2013 I husband and I tried to refinance our home and in this processed we found someone else was listed on our deed without o… read more
CalAttorney2
CalAttorney2
Attorney
Doctoral Degree
8,845 satisfied customers
I am a self-employed California Real Estate Broker operating
I am a self-employed California Real Estate Broker operating as a sole proprietor. I have tax liens against me from 2009 & 2010, where I filed income taxes, but was not able to pay. I am in the proces… read more
Andrea, Esq.
Andrea, Esq.
Attorney
Post-Doctoral Degree
10,512 satisfied customers
cI was selling a property as an owner without an agent. I
cI was selling a property as an owner without an agent. I allowed the buyers agent to have a key to the property. The buyers agent allowed the buyer to have the key to the property. The buyer moved in… read more
Ray
Ray
Lawyer
Doctoral Degree
48,920 satisfied customers
Hi, I live in Riverside County, California. On our property
Hi, I live in Riverside County, California. On our property deed are 4 individuals, myself included, all with right of survivorship should one of us pass. One of the 4 individuals has now passed away … read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
My client Marilyn and her husband got a reverse mortgage 4
My client Marilyn and her husband got a reverse mortgage 4 years ago. The agent required that Marilyn Quit Claim her interest to her husband of 50 years and the mortgage was issued in his name. He die… read more
socrateaser
socrateaser
1,031 satisfied customers
How do I find out if my home foreclosed by judicial or nonjudicial
How do I find out if my home foreclosed by judicial or nonjudicial in the state of california and county of riverside, Menifee city… read more
N Cal Atty
N Cal Atty
Doctoral Degree
59 satisfied customers
I am asking this question in the hopes that there might be
I am asking this question in the hopes that there might be some way to save my home. Over the past 4 years i have struggled with the "home modification" process, submitting all the proper documents ov… read more
Dimitry Esquire
Dimitry Esquire
Attorney
Doctoral Degree
5,526 satisfied customers
Before I sign up with a real estate agent Id like to try zillows
Before I sign up with a real estate agent I'd like to try zillow's make me move listings to see if I can get any offers on my home and sell it myself. If I do find a buyer, how to I handle the sale? N… read more
Alex Esquire
Alex Esquire
Managing Attorney
Doctoral Degree
153 satisfied customers
This relates to a reverse mortgage situation. I wish to buy
This relates to a reverse mortgage situation. I wish to buy a condo which has a reverse mortgage on it. The prior owner has died, and his estate does not want the condo. It is worth about 1//2 of the … read more
Alex Esquire
Alex Esquire
Managing Attorney
Doctoral Degree
153 satisfied customers
On May 21, 2010, my wife, and I were served with foreclosure
On May 21, 2010, my wife, and I were served with foreclosure documents by Wachovia/Wells Fargo. We've owned this home, in The Acreage, West Palm Beach, since May, 1998. This service was a shock to us,… read more
David L
David L
Doctoral Degree
1,604 satisfied customers
Nevada Real Estate 70%+ Overmortgaged - B of A/Countrywide
Nevada Real Estate 70%+ Overmortgaged - B of A/Countrywide experience preferred. Reno Nevada rental house - purchased for $530K....80% first of $430K and 10% second of $53K...costing me over 1500/mo..… read more
MShore Law
MShore Law
Doctoral Degree
1,233 satisfied customers
SIGNED AGREEMENT WITH CA TAX ASS. TO PAY 50% FOR PROPERTY TAX
SIGNED AGREEMENT WITH CA TAX ASS. TO PAY 50% FOR PROPERTY TAX SAVINGS IN 2009 FOR 2008 PROPERTY TAX. WHILE IN 2008 FILING, RIVERSIDE COUNTY AUTOMATICALLY REDUCE THE TAX FOR YEAR 2009. WHILE PEDENING 2… read more
Infolawyer
Infolawyer
Lawyer
Doctoral Degree
8,377 satisfied customers
Dilemma I signed up with a company by the name of Hope for
Dilemma: I signed up with a company by the name of Hope for Homeowners America back in May of last year, to recieve help with lowering my interest rate on my mortgage. I paid $1400 to have the service… read more
FLACORPLAWYER
FLACORPLAWYER
Doctoral Degree
1,750 satisfied customers
My mother is in the process of trying to do a reverse mortgage,
My mother is in the process of trying to do a reverse mortgage, but is having several issues: The family home was lost to foreclosure 2 1/2 years ago after the death of my father. My mother tried to f… read more
Lawrence N. Rogak, Insurance Atty
Lawrence N. Rogak, Insurance Atty
Managing Attorney
Doctoral Degree
1,032 satisfied customers
I live in California and have been out of work for almost 4 ...
I live in California and have been out of work for almost 4 months now (laid off). My family and I have already gone through our savings to get by and are now living off funds from a home equity line … read more
Flagbridge-RE
Flagbridge-RE
Principal Consultant
B.Kin, B.C.L, C. Neg, C. Med, C. A
1,786 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x