In case the domestic has never attended foreclosure sale Good morning Arlo, My mom passed away this past year. She got taken an opposite financial on her family. We later on found that my mom had not been spending their particular assets taxes, and her family had now already been foreclosed. Usually they market our home out-of? And exactly where perform the proceeds of one’s market go? In case your family offers when you look at the market for over the reverse home loan number. Up coming where really does the rest of the money wade? My personal mother’s residence is cherished at the approximately $. I don’t know, however, I do believe my personal mommy just gotten approximately $forty,000-$50,000. Which is $2 hundred,000 along the amount borrowed. Do those funds visit my personal mom’s home/heirs? Thank you so much! There are lots of choice at this point, and need certainly to operate rapidly to safeguard this new property/heirs based on where something stand. If your bank has already finished a foreclosure purchases and they or other organization now has the house or property because of that product sales, your own measures are not while the urgent, however, if not, […]