A Reverse Mortgage Short Sale Conclusion!!

By
Real Estate Broker/Owner with Dan Hopper - Gold Way RE

A Reverse Mortgage Short Sale Conclusion!!

 

 

Westminster, CO -How many of you remember the TV Series, Quantum Leap, where Scott Bakula played a character named "Sam", and he would leap into other people's bodies and portray them in their era?

Whenever the show was to end, they would show Sam leap into a new body to create interest for the next TV show the following week.  Remember, what he would say, after he discovered the "new leap"?  Sam would mutter, "OH BOY!".

What does this have to do with my blog on a Reverse Mortgage conclusion?  It is how I felt every time I tried to resolve a reverse mortgage that we had hoped to make a short sale to help out a homeowner!!

A quick synopsis to this story can be found here, at Reverse Mortgage blog, and now I want to bring this story to a conclusion!!  Please continue reading here...


 

HIRE A SHORT SALE TEAM THAT UNDERSTANDS THE RULES AND THE EXPERIENCE TO DEAL WITH THE PROCESS OF OBTAINING SHORT SALE APPROVALS TO ASSIST THE HOMEOWNER IN STOPPING A FORECLOSURE!!

Thanks for reading this,  Dan Hopper. 
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Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

Thank you for reading, "A Reverse Mortgage Short Sale Conclusion!!"

Comments (11)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Dan - Thank you for the information about a reverse mortgage short sale conclusion. Excellent blog.

Dec 15, 2012 05:09 AM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Denver Broker / Author / Advocate/Short Sale

Thank you John.... reverse mortgages are a great product, but our clients really need to read the documents and ensure that ALL parties are covered!

Dec 16, 2012 12:59 AM
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Dan-That will take some unraveling to get squared away. Seems like whoever did the title search at the time of the Reverse Mortgage really missed the boat, and the dock.

Dec 18, 2012 09:06 AM
Don Sabinske
Don Sabinske, Sabinske & Associates Inc. - Zimmerman, MN
Sabinske & Associates Inc.

I had to bookmark it to come back to when I have more time, Dan.  It sounds like a headache!

Dec 19, 2012 04:59 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Dan I know someone that is doing a reverse.  Really didnt' need to but did to keep up a high end lifestyle.  I'm not a fan of them.

Dec 19, 2012 11:14 PM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Denver Broker / Author / Advocate/Short Sale

John.... some folks will abuse them.  Yet, for those that really need to obtain their equity without a refi and selling, it can be a very great product.  Especially, when a lot of folks over 65 have lost their 401K values by 50-80% in the last 4 yrs.

Dec 20, 2012 11:39 PM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

I am also not a fan of reserve mortgages but do indeed understand that they can be a life preserver!

Dec 26, 2012 02:32 AM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Denver Broker / Author / Advocate/Short Sale

Thanks, Barbara-Jo, yes they do have some value for certain homeowners in need of capturing their equity to live on!

Dec 26, 2012 06:10 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Dan, reverse mortgage and short sale should not end up in the same sentence!    Happy New Year!

Dec 31, 2012 08:08 AM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Denver Broker / Author / Advocate/Short Sale

Joan, you would like to think not, but there are strange things out there!

Jan 01, 2013 12:58 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good evening Dan ... Dropping by to say hi and thank you for stopping by my post today.  Your support in the Rain is always appreciated my friend.

Jan 11, 2013 10:06 AM

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