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Will there be new reverse mortgage rules in 2013?

I read that the FHA is running a deficit and may need a bailout. Also, the HECM (reverse mortgage) program is a huge drain. Will this affect their reverse mortgage program? Will there be new reverse mortgage rules?

I am age 62 but my wife is not. We are separated and my home is in my name only. Do I qualify for a reverse mortgage?

I am 62, my wife is 28 and she is not living in the home as we are separated. Do I qualify for a reverse mortgage? There is no mortgage on the property and the home is in my name only. I live in Texas.

Pros and Cons of Walking Away From Home with a Reverse Mortgage

My mom has a reverse mortgage via World Alliance Financial. My mom is getting older and unable to manage the home by herself. What is the penalty, if she walks away?

Stay In Your Home With a Reverse Mortgage and Resolve Your Credit Card Debt

Will the new Obama plan for helping homeowners (of 3/2012)help us? We are not underwater & have tons of equity. We are current in payments but retired -mortgage payments of $1715 ($263,000)are over what we can afford on Soc.Sec & pensions. Our son would like to take over our home eventually so we don't want a reverse. Need to lower our payment to $1000 or so. Our loan is NOT with...
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How does Medicaid handle payments from a reverse mortgage? Are these considered income?

Regarding a reverse mortgage. What happens when one of the spouses goes into a long term care facility -- say, for custodial care the rest of his/her life? If the family income is insufficient to support both the person at home and the one in the nursing home -- How would the reverse mortgage be handled by Medicaid?

Can a couple get a reverse mortgage on either home they own, when they reside in separate states?

Can I qualify for a reverse mortgage by establishing a primary residence for myself in a state different from the one where my husband works? We have a home in WI and we now live in Or; my husband wants to keep working in Or; I want to retire and spend most of the year in WI. I assume we would need to file separately with IRS? Thank you for your suggestions, Stephanie

My parent passed away. How do I locate the lender who issued the reverse mortgage?

My mother got a home equity conversion mortgage from security one lending she has passed away and i am trying to find out who has the mortgage. the loan number is R200909**** FHA case number 095-1403XXX-*** please get back with me

Is reverse mortgage a good choice for paying off some bills and for improving our home?

I am considering a reverse mortgage to pay off some bills and improve our home. My husband and I are 62, no children, want to stay in current home, needs improvements done but do not want a large payment each month. I understand you can pay the interest each month on some reverse mortgage loans. Yet I am not totally sold on it. I don't know anyone who has gotten one to find out if they a...
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My parent died with a reverse mortgage. Now the bank is suing me. Why?

My mother died having a reverse mortgage. The house is worth much less than the amount owed. She left no assets other than her Florida home. I have communicated several times with the mortgage company by phone and in writing, stating that I did not want the home. They informed me that they would foreclose on the home. I just received a letter from the mortgage company's attorneys stating...
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My parent had a reverse mortgage and died unexpectedly. I inherited the property. What happens to the reverse mortgage?

My mother died last year unexpectedly. She had a reverse mortgage through Wells Fargo. I got into a nasty battle with them because they have refused to acknowledge me as the heir to her property although she had a standing will in place, and was one of many documents given to them before & after her death. A lawsuit has surfaced over her death, and has drained me financially. I need to k...
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