"Hi there. No, the house needs to be vacant or you need a letter stating they are moving out of the house for a reverse mortgage short sale. Novad is HUD's national servicing. They will accept an offer at 95% of the appraised value.
Reach out…"
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NOVAD REVERSE MORTGAGE
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NOVAD REVERSE MORTGAGE
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NOVAD REVERSE MORTGAGE
Hi fellow Realtors! been awhile since I have been here but boy do I need help!I have a Celink reverse mortgage that was just transferred to Novad for servicing. For starters, If the owner is alive and not in a facility, does he have to occupy the…See More
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