Chapter 7 bankruptcy with a reverse mortgage. Can I keep my home? - ...
12/01/11
Chapter 7 bankruptcy with a reverse mortgage. Can I keep my home?
JD Supra (press release)
... may be the remainder of the person's life. As the person receives money from the lender, the person's equity in the home is reduced by the increased amount borrowed. If a person with a reverse mortgage files Chapter 7 bankruptcy, several issues pop up.
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JD Supra (press release)
... may be the remainder of the person's life. As the person receives money from the lender, the person's equity in the home is reduced by the increased amount borrowed. If a person with a reverse mortgage files Chapter 7 bankruptcy, several issues pop up.
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