It happens when the homeowner doesn't pay their mortgage.
Bad!!! Very Bad!!! .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
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It happens when one defaults on a forward or reverse mortgage. In regards to the reverse mortgage side, it happens when the borrower does not pay taxes or insurance of their property.
Solutions are available.
One will be foreclosed upon if they do not pay for their mortgage. There are also loan modification options available to help those borrowers that are at risk of foreclosure.
Bad!!! Very Bad!!! .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
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