HappySeniorHomeOwners Blog

If you are in Foreclosure

June 19th, 2010 10:05 AM by Juan Luis Rodriguez-Kohly

If your home is in foreclosure, refinancing with a Reverse Mortgage might give you enough funds to pay off your present mortgage.

While you inquire, you should consult an attorney immediately. Only an attorney can give you the appropiate legal advise to delay the foreclosure process. 

If you are 62 years of age or older and with a low mortgage balance refinancing with a Reverse Mortgage might give you enough funds to pay off your present mortgage in foreclosure, and maybe even have some money leftover. You would be able to keep your home.

There are NO credit and NO income requirements in order to qualify for a Reverse Mortgage, even if you are in foreclosure. You do not need to be working or have any income.

You do not have to make any monthly payments on the Reverse Mortgage as long as you live in the home.

For most answers visit http://HappySeniorHomeOwners.com/InForeclosure

Read "HUD Tips to avoid foreclosure"

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Para muchas respuestas visite:  http://www.happyseniorhomeowners.com/enForeclosure

Lea “HUD Como Evitar La Ejecucion Hipotecaria”

 

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Posted by Juan Luis Rodriguez-Kohly on June 19th, 2010 10:05 AM

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