Do I get paid full commission if I list or sell a home with a Reverse Mortgage on it?
Great question and one that is on many Realtors minds these days: you will be dealing with more Reverse Mortgages in the future as our population ages and the ways you can use a Reverse Mortgage are gaining in popularity. A Realtor in Beaverton Oregon recently asked me this question and the answer is simple: YES!
Even if the home you are listing is upside down because of a Reverse Mortgage your commission is not affected. Any deficiency in the amount due between the homes value and the mortgage balance is paid for by FHA's Mutual Mortgage Insurance fund.
Your best bet is to have a partner that specializes in Reverse Mortgage in the same city. If you are located outside of Beaverton, Oregon I would be happy to find you a quality specialist so don't shy away: you owe it to yourself to get the facts. Please do not hesitate to use my website.