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trusts: Southern Oregon Reverse Mortgage Question - Can I get a reverse mortgage if my property is in a trust? - 02/21/11 02:44 PM
Southern Oregon Reverse Mortgage Question - Can I get a reverse mortgage if my property is in a trust? Most of the time the answer is yes. The trust must be revocable and all beneficiaries of the trust must be eligible borrowers. The trustee must have the power to encumber real property (get a loan on real estate). You will need to provide your lender with a complete copy of the signed, notarized Declaration of Trust, all amendments and Exhibit’s. The trust will have to be reviewed by the title company and lender to be sure that the proper language
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Sharon Falvey - Oregon Reverse Mortgage Specialist and Home Equity Expert
Portland,
OR
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Address: NMLS# 582985, OR
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