QUESTION:

Leased ground

Are homes that are on leased ground eligible for reverse mortgages?
asked by rampart10, 7/20/2009
Categories: Best Places to Retire, Housing
ANSWERS:
Answered by: NewRetirement Editorial, 08/03/09
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Unfortunately homes on leased ground do not qualify for a reverse mortgage. However, please visit the below site for retirement strategies and products that will help ensure that you have a secure retirement plan. https://www.newretirement.com/Services/Retirement_Services.aspx


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Answered by: whyhecm, 08/24/09
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Actually if your HOA allows for a 99yr lease we maybe able to help.

Please contact us.

Anthony Limon
www.whyhecm.com
866-640-5722 ext. 126

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