What constitutes primary residence for a reverse mortgage? Can temporary absences from the home violate the occupancy requirement?

... mortgage payments and any foreclosure process. The Division does not have ... Reverse mortgage counseling is a part of the reverse mortgage application ... A reverse mortgage can be foreclosed in several different circumstances. Also, they tend to be expensive. Sep 6, 2024 ... (“Hidden Ridge”), where BONYM sought to foreclose on a reverse mortgage. ... On appeal in the initial foreclosure case, this court reversed. Time for initiation of foreclosure. When a borrower's obligation to repay the reverse mortgage loan is triggered under G.S. 53-267, in addition to all rights ... What is a “reverse mortgage”? Foreclosure. Foreclosure Prevention Options. When a homeowner cannot keep up with mortgage payments, the lender may foreclose on ... foreclosure in favor of Reverse Mortgage Solutions in the amount of $248,403.59, foreclosing on Mrs. Smith's interest in the property and setting a September ... Jun 15, 2020 ... If you are an heir and don't do anything at all, you may be entitled to some or all of the surplus (if any) from the foreclosure sale. Jan 9, 2025 ... DeWitt Law Firm successfully defeated a reverse mortgage company who was trying to foreclose upon a surviving spouse. Based upon the terms ... Soon after he passed away, the lender came after Sally and gave her a choice: either repay the loan in full or face foreclosure and lose her family home. Mar 28, 2024 ... In total, your reverse mortgage closing costs can be between $2,495 and $3,095. And if you're wondering how long a reverse mortgage takes to ...