Are there successful ways of getting out of a REVERSE MORTGAGE?Why do I have to sign a Corrective Warranty Deed for land I had no claim to?paying mortgage on a disputed property, is there relief?Help re: beneficiary deed enforcement in Phoenix, AZ (Maricopa County)Sister is living rent free in inherited property. Should she pay rent to other sibling?Is there any way to find out if a deceased person owns properties across the United States?How can I buy a piece of land in Germany whose owner is unknown?Can my landlord refuse to renew our lease due to downsizing of purchased lots?Letting out a Joint Mortgage House
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Are there successful ways of getting out of a REVERSE MORTGAGE?
Why do I have to sign a Corrective Warranty Deed for land I had no claim to?paying mortgage on a disputed property, is there relief?Help re: beneficiary deed enforcement in Phoenix, AZ (Maricopa County)Sister is living rent free in inherited property. Should she pay rent to other sibling?Is there any way to find out if a deceased person owns properties across the United States?How can I buy a piece of land in Germany whose owner is unknown?Can my landlord refuse to renew our lease due to downsizing of purchased lots?Letting out a Joint Mortgage House
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My father in-law took out a reverse mortgage several years ago. He later passed away. It wasn't until after his death that we learned about the reverse mortgage. He died approx. 4 years ago this coming December. Had my wife and his son known about him doing this we likely would have stopped him...and since he has passed there is no way for us to know if he was taken advantage of or coerced, etc.
Is there anything that can be done to see about getting his wife out of this reverse mortgage?
real-estate fraud mortgage
asked 8 hours ago
SizzleSizzle
3052 silver badges12 bronze badges
|
show 3 more comments
My father in-law took out a reverse mortgage several years ago. He later passed away. It wasn't until after his death that we learned about the reverse mortgage. He died approx. 4 years ago this coming December. Had my wife and his son known about him doing this we likely would have stopped him...and since he has passed there is no way for us to know if he was taken advantage of or coerced, etc.
Is there anything that can be done to see about getting his wife out of this reverse mortgage?
real-estate fraud mortgage
asked 8 hours ago
SizzleSizzle
3052 silver badges12 bronze badges
The usual way to get out of a reverse mortgage is to pay back the loan, possibly by selling the house. Is that not an option?
– Michael Seifert
8 hours ago
Also, this might be a better question for Personal Finance & Money.
– Michael Seifert
8 hours ago
1
I'm voting to close this question as off-topic because it's a question about finance rather than law.
– Tim Lymington
7 hours ago
1
@TimLymington Coercion, elder abuse, and contract law are not exactly topics of finance, but true legal matters.
– Iñaki Viggers
7 hours ago
1
Where they exist, certainly they are. According to OP, there is no reason to believe they apply here.
– Tim Lymington
7 hours ago
|
show 3 more comments
My father in-law took out a reverse mortgage several years ago. He later passed away. It wasn't until after his death that we learned about the reverse mortgage. He died approx. 4 years ago this coming December. Had my wife and his son known about him doing this we likely would have stopped him...and since he has passed there is no way for us to know if he was taken advantage of or coerced, etc.
Is there anything that can be done to see about getting his wife out of this reverse mortgage?
real-estate fraud mortgage
asked 8 hours ago
SizzleSizzle
3052 silver badges12 bronze badges
My father in-law took out a reverse mortgage several years ago. He later passed away. It wasn't until after his death that we learned about the reverse mortgage. He died approx. 4 years ago this coming December. Had my wife and his son known about him doing this we likely would have stopped him...and since he has passed there is no way for us to know if he was taken advantage of or coerced, etc.
Is there anything that can be done to see about getting his wife out of this reverse mortgage?
real-estate fraud mortgage
real-estate fraud mortgage
asked 8 hours ago
SizzleSizzle
3052 silver badges12 bronze badges
asked 8 hours ago
SizzleSizzle
3052 silver badges12 bronze badges
asked 8 hours ago
SizzleSizzle
3052 silver badges12 bronze badges
asked 8 hours ago
SizzleSizzle
3052 silver badges12 bronze badges
asked 8 hours ago
SizzleSizzle
3052 silver badges12 bronze badges
3052 silver badges12 bronze badges
The usual way to get out of a reverse mortgage is to pay back the loan, possibly by selling the house. Is that not an option?
– Michael Seifert
8 hours ago
Also, this might be a better question for Personal Finance & Money.
– Michael Seifert
8 hours ago
1
I'm voting to close this question as off-topic because it's a question about finance rather than law.
– Tim Lymington
7 hours ago
1
@TimLymington Coercion, elder abuse, and contract law are not exactly topics of finance, but true legal matters.
– Iñaki Viggers
7 hours ago
1
Where they exist, certainly they are. According to OP, there is no reason to believe they apply here.
– Tim Lymington
7 hours ago
|
show 3 more comments
The usual way to get out of a reverse mortgage is to pay back the loan, possibly by selling the house. Is that not an option?
– Michael Seifert
8 hours ago
Also, this might be a better question for Personal Finance & Money.
– Michael Seifert
8 hours ago
1
I'm voting to close this question as off-topic because it's a question about finance rather than law.
– Tim Lymington
7 hours ago
1
@TimLymington Coercion, elder abuse, and contract law are not exactly topics of finance, but true legal matters.
– Iñaki Viggers
7 hours ago
1
Where they exist, certainly they are. According to OP, there is no reason to believe they apply here.
– Tim Lymington
7 hours ago
The usual way to get out of a reverse mortgage is to pay back the loan, possibly by selling the house. Is that not an option?
– Michael Seifert
8 hours ago
The usual way to get out of a reverse mortgage is to pay back the loan, possibly by selling the house. Is that not an option?
– Michael Seifert
8 hours ago
Also, this might be a better question for Personal Finance & Money.
– Michael Seifert
8 hours ago
Also, this might be a better question for Personal Finance & Money.
– Michael Seifert
8 hours ago
1
1
I'm voting to close this question as off-topic because it's a question about finance rather than law.
– Tim Lymington
7 hours ago
I'm voting to close this question as off-topic because it's a question about finance rather than law.
– Tim Lymington
7 hours ago
1
1
@TimLymington Coercion, elder abuse, and contract law are not exactly topics of finance, but true legal matters.
– Iñaki Viggers
7 hours ago
@TimLymington Coercion, elder abuse, and contract law are not exactly topics of finance, but true legal matters.
– Iñaki Viggers
7 hours ago
1
1
Where they exist, certainly they are. According to OP, there is no reason to believe they apply here.
– Tim Lymington
7 hours ago
Where they exist, certainly they are. According to OP, there is no reason to believe they apply here.
– Tim Lymington
7 hours ago
|
show 3 more comments
1 Answer
1
active
oldest
votes
I assume that the loan was legal, in light of rule changes pertaining to non-borrowing spouses. If so, there is really no recourse other than to repay the loan. This article explains the current options / restrictions in an understandable manner, but of course it is too late to do anything about it.
If there was actually fraud or coercion in the loan, or if the elder party was mentally incompetent, there might be some legal recourse, but we don't have any evidence of fraud, coercion or incompetence here.
answered 8 hours ago
user6726user6726
70.3k4 gold badges83 silver badges137 bronze badges
Why do you provide an answer about the US jurisdiction 1) Without mentioning so; 2) Without the OP specifying that US jurisdiction applies?
– Greendrake
14 mins ago
@Greendrake, when someone doesn't specify their location, it's a near-certainty that they're interested in the United States.
– Mark
13 mins ago
@Mark I agree. It's just the fact that many people here deny that there factually is a default country on this site that makes me ask the question.
– Greendrake
11 mins ago
add a comment
|
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1 Answer
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active
oldest
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1 Answer
1
active
oldest
votes
active
oldest
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active
oldest
votes
I assume that the loan was legal, in light of rule changes pertaining to non-borrowing spouses. If so, there is really no recourse other than to repay the loan. This article explains the current options / restrictions in an understandable manner, but of course it is too late to do anything about it.
If there was actually fraud or coercion in the loan, or if the elder party was mentally incompetent, there might be some legal recourse, but we don't have any evidence of fraud, coercion or incompetence here.
answered 8 hours ago
user6726user6726
70.3k4 gold badges83 silver badges137 bronze badges
Why do you provide an answer about the US jurisdiction 1) Without mentioning so; 2) Without the OP specifying that US jurisdiction applies?
– Greendrake
14 mins ago
@Greendrake, when someone doesn't specify their location, it's a near-certainty that they're interested in the United States.
– Mark
13 mins ago
@Mark I agree. It's just the fact that many people here deny that there factually is a default country on this site that makes me ask the question.
– Greendrake
11 mins ago
add a comment
|
I assume that the loan was legal, in light of rule changes pertaining to non-borrowing spouses. If so, there is really no recourse other than to repay the loan. This article explains the current options / restrictions in an understandable manner, but of course it is too late to do anything about it.
If there was actually fraud or coercion in the loan, or if the elder party was mentally incompetent, there might be some legal recourse, but we don't have any evidence of fraud, coercion or incompetence here.
answered 8 hours ago
user6726user6726
70.3k4 gold badges83 silver badges137 bronze badges
Why do you provide an answer about the US jurisdiction 1) Without mentioning so; 2) Without the OP specifying that US jurisdiction applies?
– Greendrake
14 mins ago
@Greendrake, when someone doesn't specify their location, it's a near-certainty that they're interested in the United States.
– Mark
13 mins ago
@Mark I agree. It's just the fact that many people here deny that there factually is a default country on this site that makes me ask the question.
– Greendrake
11 mins ago
add a comment
|
I assume that the loan was legal, in light of rule changes pertaining to non-borrowing spouses. If so, there is really no recourse other than to repay the loan. This article explains the current options / restrictions in an understandable manner, but of course it is too late to do anything about it.
If there was actually fraud or coercion in the loan, or if the elder party was mentally incompetent, there might be some legal recourse, but we don't have any evidence of fraud, coercion or incompetence here.
answered 8 hours ago
user6726user6726
70.3k4 gold badges83 silver badges137 bronze badges
I assume that the loan was legal, in light of rule changes pertaining to non-borrowing spouses. If so, there is really no recourse other than to repay the loan. This article explains the current options / restrictions in an understandable manner, but of course it is too late to do anything about it.
If there was actually fraud or coercion in the loan, or if the elder party was mentally incompetent, there might be some legal recourse, but we don't have any evidence of fraud, coercion or incompetence here.
answered 8 hours ago
user6726user6726
70.3k4 gold badges83 silver badges137 bronze badges
edited 6 hours ago
answered 8 hours ago
user6726user6726
70.3k4 gold badges83 silver badges137 bronze badges
answered 8 hours ago
user6726user6726
70.3k4 gold badges83 silver badges137 bronze badges
answered 8 hours ago
user6726user6726
70.3k4 gold badges83 silver badges137 bronze badges
70.3k4 gold badges83 silver badges137 bronze badges
Why do you provide an answer about the US jurisdiction 1) Without mentioning so; 2) Without the OP specifying that US jurisdiction applies?
– Greendrake
14 mins ago
@Greendrake, when someone doesn't specify their location, it's a near-certainty that they're interested in the United States.
– Mark
13 mins ago
@Mark I agree. It's just the fact that many people here deny that there factually is a default country on this site that makes me ask the question.
– Greendrake
11 mins ago
add a comment
|
Why do you provide an answer about the US jurisdiction 1) Without mentioning so; 2) Without the OP specifying that US jurisdiction applies?
– Greendrake
14 mins ago
@Greendrake, when someone doesn't specify their location, it's a near-certainty that they're interested in the United States.
– Mark
13 mins ago
@Mark I agree. It's just the fact that many people here deny that there factually is a default country on this site that makes me ask the question.
– Greendrake
11 mins ago
Why do you provide an answer about the US jurisdiction 1) Without mentioning so; 2) Without the OP specifying that US jurisdiction applies?
– Greendrake
14 mins ago
Why do you provide an answer about the US jurisdiction 1) Without mentioning so; 2) Without the OP specifying that US jurisdiction applies?
– Greendrake
14 mins ago
@Greendrake, when someone doesn't specify their location, it's a near-certainty that they're interested in the United States.
– Mark
13 mins ago
@Greendrake, when someone doesn't specify their location, it's a near-certainty that they're interested in the United States.
– Mark
13 mins ago
@Mark I agree. It's just the fact that many people here deny that there factually is a default country on this site that makes me ask the question.
– Greendrake
11 mins ago
@Mark I agree. It's just the fact that many people here deny that there factually is a default country on this site that makes me ask the question.
– Greendrake
11 mins ago
add a comment
|
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The usual way to get out of a reverse mortgage is to pay back the loan, possibly by selling the house. Is that not an option?
– Michael Seifert
8 hours ago
Also, this might be a better question for Personal Finance & Money.
– Michael Seifert
8 hours ago
1
I'm voting to close this question as off-topic because it's a question about finance rather than law.
– Tim Lymington
7 hours ago
1
@TimLymington Coercion, elder abuse, and contract law are not exactly topics of finance, but true legal matters.
– Iñaki Viggers
7 hours ago
1
Where they exist, certainly they are. According to OP, there is no reason to believe they apply here.
– Tim Lymington
7 hours ago