Summary
Reverse mortgages become due upon the borrowers death. Heirs can pay off the loan to retain the home. Contact the lender to discuss options and timelines. Without a will, obtaining information can be challenging. Consider refinancing or seeking legal advice for potential rights as a caregiver or tenant. Extensions may be possible if actively working on paying off the loan. Consult a local attorney for personalized guidance.Full Conversation
maybe what can i do to stay how long can i be given until i have to mve out
I'm sorry to hear about your situation. Generally, with a reverse mortgage, the lender expects the loan to be settled within six months, but extensions may be possible if you're actively working on paying off the loan. Have you contacted the mortgage lender to discuss your options?
yes but i becuase the was no will they wont give me any information. i took care of him for 6 years and did not work and i have a minor with me in the home and no place to move out to
I'm really sorry to hear about your situation. Here are a few steps you could consider:
- Request a meeting with the mortgage lender to explain your situation and any hardships.
- Explore the option of refinancing the reverse mortgage.
- Consider seeking legal advice for potential rights as a caregiver or tenant.
Would you like assistance in connecting with a local attorney to guide you further?
yes
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This looks like a potentially strong case for legal assistance, especially given the complexities of reverse mortgages and your living situation. Would you like to be connected to local lawyers who can better assist you with your case? If so, could you please provide your phone number?
is it a free consultation
Case Rating: *
Yes, many lawyers offer a free initial consultation to discuss your case and see how they can assist you. Would you like to proceed with connecting to local lawyers? If so, could you provide your phone number?
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I'm glad you're considering getting legal assistance. Let's proceed with connecting you to local lawyers who can help. Could you please provide your name, your email address, and your zipcode? This information will help facilitate the process.
savannah hinkley
Case Rating: *
Thank you for the information, Savannah. Could you please provide your email address and zipcode to proceed with connecting you to local lawyers?
savannahsue86@gmail.com
Case Rating: *
Thank you for sharing the information, Savannah. Could you please provide your zipcode so we can proceed with connecting you to local lawyers who can assist you with your case?
no
Case Rating: *
It looks like you have been proactive in addressing the situation. Connecting with a lawyer is a strong step, given the complexities involved. If you need any more assistance or have additional questions, feel free to reach out.
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