Following the death of a loved one, many families discover that the deceased had a Reverse Mortgage or Home Equity Conversion Mortgage (HECM).
A reverse mortgage is a financial agreement in which a homeowner converts home equity into a lump sum or regular payments—often used to supplement retirement income. Unlike traditional mortgages, where the loan balance decreases as payments are made, a reverse mortgage balance increases over time due to accruing interest.
Following the death of a loved one, many families discover that the deceased had a Reverse Mortgage or Home Equity Conversion Mortgage (HECM).
A reverse mortgage is a financial agreement in which a homeowner converts home equity into a lump sum or regular payments—often used to supplement retirement income. Unlike traditional mortgages, where the loan balance decreases as payments are made, a reverse mortgage balance increases over time due to accruing interest.
Following the death of a loved one, many families discover that the deceased had a Reverse Mortgage or Home Equity Conversion Mortgage (HECM).
A reverse mortgage is a financial agreement in which a homeowner converts home equity into a lump sum or regular payments—often used to supplement retirement income. Unlike traditional mortgages, where the loan balance decreases as payments are made, a reverse mortgage balance increases over time due to accruing interest.
When the homeowner passes away, the full balance of the reverse mortgage becomes due almost immediately. If family members are still living in the home, they must either repay the loan in full or vacate the property shortly after the homeowner’s death.
Communicating with the reverse mortgage lender after a homeowner’s death can be a difficult and time-consuming process, often requiring formal proof of heirship. Servant Heart Homes has extensive experience working with reverse mortgage lenders and can provide essential support and guidance to help families navigate this complex process.
When the homeowner passes away, the full balance of the reverse mortgage becomes due almost immediately. If family members are still living in the home, they must either repay the loan in full or vacate the property shortly after the homeowner’s death.
Communicating with the reverse mortgage lender after a homeowner’s death can be a difficult and time-consuming process, often requiring formal proof of heirship. Servant Heart Homes has extensive experience working with reverse mortgage lenders and can provide essential support and guidance to help families navigate this complex process.
The Servant Heart Homes has significant expertise with Reverse Mortgage and Foreclosure assisting hundreds of families work with mortgage lenders to develop equitable solutions.
“Selling my house was a difficult thing but with my ongoing medical challenges it was necessary. Thank you for your assistance during this trying time and everything you have done for my family.”
“Many investors are shady including the other one I was talking to. I 100% believe I was supposed to talk to you today and have you be my savior from being taken advantage of so to speak. Had it not been for you to open my eyes I would have still been freaking out. So I am so thankful for you and your guidance! Why can’t everyone be like you ?!”
“Thank you for stopping my foreclosure and allowing met to keep my house. I have no words to adequately express my appreciation! As a Chrstian I struggle with not having enough faith to trust God to guide me to people that he has chosen to help me. I know that you are a God send. Because of you my faith is growing.”
“Paige and her collegues were amazing to deal with. All were pleasant and professional and went above and beyond.”
Thank you my friend you have been a savior from having to sell my home at auction.”
“Selling my house was a difficult thing but with my ongoing medical challenges it was necessary. Thank you for your assistance during this trying time and everything you have done for my family.”
“Many investors are shady including the other one I was talking to. I 100% believe I was supposed to talk to you today and have you be my savior from being taken advantage of so to speak. Had it not been for you to open my eyes I would have still been freaking out. So I am so thankful for you and your guidance! Why can’t everyone be like you ?!”
“Thank you for stopping my foreclosure and allowing met to keep my house. I have no words to adequately express my appreciation! As a Chrstian I struggle with not having enough faith to trust God to guide me to people that he has chosen to help me. I know that you are a God send. Because of you my faith is growing.”
“Paige and her collegues were amazing to deal with. All were pleasant and professional and went above and beyond.”
Thank you my friend you have been a savior from having to sell my home at auction.”