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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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.
Brett@ishortsalenow.com
310-564-6389
www.ishortsalenow.com