Hello everybody:

I just got a listing on  a  Reverse Mortgage Loan and I will have to do a short sale because the owner owes more than the house is worth.  We are short by 20k. Does anybody here has done a short sale where the loan is a Reverse Mortgage?

Is the process the same as a regular Short Sale? Thanks,

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Comment by Brett Goldsmith on May 6, 2016 at 9:30am

Reverse mortgage short sales have strict guidelines. No relocation incentive to seller and generally want an offer within 95% of the appraised value.

IF you would like any support or have questions, feel free to reach out.

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