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.
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.
As long as you have the legal right, you can sell it at anytime
More information would be needed.....if it is an inheritance you should speak to attorney that is handling.
Would need more info to answer correctly.
As long as you have title to the home you can sell anytime
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.
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