Another Reverse Mortgage for Purchase closing today here in Corona!
My senior borrowers purchased an approved short sale home and closed within 45 days. Now, granted, they looked for awhile and made offers on several homes before this one popped. But, I am thrilled to see how sellers and bank owned REO's are becoming more educated and receptive about this method of financing for homeowners over 62 years old.
The transaction went very smoothly with good communication between all parties (isn't that really the key?) If you have any questions about how it works check out Reverse for Purchase.