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 house in order to do a short sale?

Views: 320

Comment

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Comment by Brett Goldsmith on February 13, 2021 at 7:53am

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 if you need any help!

[email protected]

310-564-6389

Members

© 2023   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************