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    marvelus49's Avatar
    marvelus49 Posts: 37, Reputation: 1
    Junior Member
    		  
    #1

    Jun 1, 2012, 06:21 PM
    Reverse mortgage
    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    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.
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