Realty Q&A: What to do with a reverse mortgage if you remarry
If a couple takes out a reverse loan, but then one spouse dies and the survivor remarries, it's time to give the lender a call. Even though reverse mortgages are nonrecourse loans, there are reasons to consider refinancing into a new loan.
Though the neighbors of a Schaumburg man locked out of his house by his mortgage company are planning to help him clean the outside of the property on Saturday, that property could be legally foreclosed as early as today.
