Monday, August 8, 2011

My deceased father has a reverse mortgage -?

his estate has enough assets to pay the mortgage. I am executor and sole heir, my mother passed away a number of years ago. Does the mortgage have to be paid off by the estate assests, if i am unable to sell the house? Or does the mortgage company only get paid if they foreclose. In other words - can the mortgage company claim his assests for payment?

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