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how much time do you have after the person dies, to sell the home?

by swinde_466_191 from Palm Desert, California. Apr 11th 2013 Reply


Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

If the home has a reverse mortgage, it is due at the time the borrower dies. The good new is, most reverse mortgage lenders will allow up to 12 months, if the family or other heirs are making effort to sell the property. I am a specialist in reverse mortgages. Call me at 503-620-2239, if I can be of help. If the loan is not a reverse mortgage, just continue to make payments as long as you need, until the property sells. Note: if the home has a reverse mortgage with a balance greater than the net proceeds of a sale, contact the lender and offer to transfer the property to the lender, at no cost to the heirs.

Apr 11th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

It really depends on the loan, if at all. Reverse mortgages was answered above, but if you there are two people on the loan, say husband and wife, then the surviving spouse does not need to see it at all. In some states even if the surviving spouse is not even on the loan they may not have to sell it either. Top really answer the question more information is needed.

Apr 11th 2013
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James Mazzola (Mazzola)
#109 ranked lender in New Jersey - 314 contributions

As long as you have the legal right, you can sell it at anytime

Apr 12th 2013
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Carlos Figueira (carlosfigueira)
#107 ranked lender in New Jersey - 199 contributions

More information would be needed.....if it is an inheritance you should speak to attorney that is handling.

Apr 12th 2013
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Would need more info to answer correctly.

Apr 12th 2013
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

As long as you have title to the home you can sell anytime

Apr 12th 2013
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Raymond Denton (Raymond)
#10 ranked lender in Ohio - 224 contributions

With a Reverse Mortgage, the "note" says 30 days, but HUD allows extensions, up to 12 months, if the Estate is earnestly working with the Lender.

Apr 12th 2013
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