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people who are unable to pay for their
mortgages
in some cases they do this willingly in
some case we’re litigating them out of
their reverse mortgages either during
life or after death through their
beneficiaries because they didn’t
understand what they did a reverse
mortgage essentially the bank will
take your property upon your death
for cash today whether it be on a
monthly basis or a lump sum
and this is a very common reason where
we step in
during life if let’s say an elderly
person was taken advantage by a mortgage
broker or banker or after death while
going through probate
so that once we have the executor
administrator appointed we can refinance
or sell the property to avoid it
actually going to the bank
Contact Russel Morgan, Esq.
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NY estates planning & probate attorney Russel Morgan, Esq. explains how you can get out of a reverse mortgage.