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The concept of the 90 day extensions and reverse mortgages in California probate is a common issue we deal with in our office. As you likely know, if you are reading this blog post, a reverse mortgage is a way for a senior to borrow money against the equity in their home and not pay […]
What is a letter of intent with a reverse mortgage? I am asked this a lot as I run a statewide California probate law practice. A person has died, they had a reverse mortgage, and the reverse mortgage company has asked for a letter of intent. What should you do? First of all it’s important […]
On March 11, 2016 I got the call of a lifetime… and I do not mean that in a good way. I got the call from the police, in Logan, Utah, that my mother had been shot to death by her husband. This is not a post about domestic abuse, gun control or mental health […]
INTRODUCTION I received a call the other day asking how houses with reverse mortgages are handled after death. Reverse mortgages are just mortgages. Thus the mortgage has no bearing on what procedure is used after death to clear title to an asset. BACKGROUND In the beginning (1960′s and 1970′s) reverse mortgages often had draconian repercussions […]