Quote:
Originally Posted by OMEGAMAN
So thats it she doesnt have to pay the balance of her mortgage? What happens after she passes (which may take a while seems like a tough old bird to me) is the house part of her estate free and clear. Whats it feel like to get shot?
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Yip, free and clear. Her estate get the free and clear house, which also happens to be the same people that could have helped with her mortgage, whom also could have got her counseling on how to avoid foreclosure, that counseling would have taught them that a reverse mortgage would save her house at a lower interest rate.
It's a total lack of ****** accountability.
I also fault the foreclosing company for not exploring the options, the companies are hiring idiots that rubber stamp foreclosed on notes that could easily be worked out.