Legal Question in Real Estate Law in New Jersey

reverse mort in husbands name

I am younger so reverse mort was in my husbands name only.He died now I have 4 months to..sell, buy,give up the house. I want to stay. I already probated the will.Now do I have to go for a new mortgage or can I refinance. I feel like I am in limbo and I am running out of time. I only make $31000 a year and the rev mort is now $110,000.I wouldn't be able to get rent for less than $900 a month.


Asked on 3/04/09, 1:08 am

2 Answers from Attorneys
Michael Berman Law Offices of Michael A. Berman

Re: reverse mort in husbands name

I may have a few options for you, but I'll need to find out some more information. Please write back at your earliest convenience to [email protected] or call my main office number in Philadelphia. I practice in both PA and NJ, and I live in Southern NJ.

Mike Berman

Read more
Answered on 3/04/09, 7:05 am
Savyon Grant Law Office of Savy Grant

Re: reverse mort in husbands name

Spouce should be able to stay in house in a reverse mortgage. Please call my office and I will give you a specialists phone number on reverse mortgages. Something sounds wrong.

Read more
Answered on 3/04/09, 7:09 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in New Jersey