If someone wants to keep or buy the property from the estate, how can that be handled while a reverse-mortgage foreclosure is pending? NC

If someone wants to keep or buy the property from the estate, how can that be handled while a reverse-mortgage foreclosure is pending? – NC Short Answer In North Carolina, a pending reverse-mortgage foreclosure does not always end the estate’s ability to keep or transfer the property. If the debt can be paid off before…

What can I do if a reverse mortgage lender starts a foreclosure after the homeowner dies and the estate wasn’t properly notified? NC

What can I do if a reverse mortgage lender starts a foreclosure after the homeowner dies and the estate wasn’t properly notified? – NC Short Answer In North Carolina, an estate may be able to challenge or slow a power-of-sale foreclosure if the lender did not give the notice required before the clerk’s hearing. The…

How do I find out the real payoff amount on a reverse mortgage when the loan has been transferred and no one will provide a clear balance? NC

How do I find out the real payoff amount on a reverse mortgage when the loan has been transferred and no one will provide a clear balance? – NC Short Answer In North Carolina, the estate’s personal representative can usually force clarity by sending a formal written payoff request to the current secured creditor or…