Legal Question in Real Estate Law in Arizona
My mom died in January, she did a reversal mortgage, there is no Will, if i file a Real Property Affidavit and get the house in my name, can the bank still take it????
Asked on 12/04/09, 12:07 pm
2 Answers from Attorneys
Donald Scher
Donald T. Scher & Associates, P.C.
Yes, your ownership is subject to the reverse mortgage loan. Look at the loan documentation to learn what your options may be.
Answered on 12/09/09, 12:30 pm
Gloria Meyer
Meyer Law Office
Yes, depending on the mortgage loan agreement that your mom signed. You will need to look at the paperwork to determine your rights.
Answered on 12/09/09, 12:46 pm