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How do I sell a reverse mortgage home?
Asked By Donna A. | Pearl City, HI | 676 views | Selling | 3 years ago
Answer(1)
Krishna Perkins
Maverick Homes and Neighborhoods
Hi Donna,
You can sell a home with a reverse mortgage in the same way you would sell a traditional home with a mortgage. The most important step is to contact your reverse mortgage company and ask for an official payoff statement. When you have that part lined up find an Realtor local in your area to help guide you through the process. Ask them for a net sheet based on their analysis before you commit to anything and decide if the deal works for you or not.
- 3 years ago
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