Legal Question in Real Estate Law in New Hampshire
what are the adverse effects to heirs regarding a reverse mortgage
Asked on 2/24/10, 8:32 am
1 Answer from Attorneys
Bruce L. Dorner
Dorner Law Office
Heirs inherit only the equity in the property. If the reverse mortgage mounts, there is less equity as time passes and more money is withdrawn from the reverse mortgage.
Answered on 3/02/10, 6:52 am
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