• Question
  • heirs resposibility after death of property owner on a reverse mtge.

    Asked by someone from Miami, FL on 11/11/2016

    My sister in law just died. We don't want the property. what is the responsibility of the heir(Her son)? Can he just walk away? He never signed anything.

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  • Categories: Reverse Mortgages, Reverse Mortgages & Heirs

Answers

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  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • There's a good blog post on this topic here: https://www.newretirement.com/retirement/reverse-mortgage-after-death-heirs-responsibility/

  • Login to rate this answer:   Answered on 12/18/2016
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.