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marvelus49
Jun 1, 2012, 06:21 PM
Hello,
I am possibly interested in buying my neighbors house. They obtained a reverse mortgage when the husband got sick and I guess she's been receiving monthly $ from Bank of America to help pay for her caregivers. She died recently and I'm wondering how I can go about making an offer. They appraised it quite high about 6 years ago, before the bubble burst. The house has declined in condition. How likely is it that they will accept a low-ball offer? Who do I find out who's in charge of her case? Thanks! Mary

ScottGem
Jun 1, 2012, 06:23 PM
You need to find out who the lender was. They own the home now and you have to make an offer to them or through their broker.

Fr_Chuck
Jun 1, 2012, 08:12 PM
Most lenders will use a specific real estate agent in a area.

But agree, go to court house, find out who has the loan, contact them and search down who to talk to.