Consumption and Real Estate
ron a reverse mortgage can the lender sell the home to a family member for more than an outside non relative?
Question : ron a reverse mortgage can the lender sell the home to a family member for more than an outside non relative?
for a lesser amount after the owners die?
reverse mortgage lenders
Best answer:
Answer by Sharon T
Can’t understand your question to answer it.
All reverse mortgage valuations are done based on appraised value. Generally, appraisals are based upon comparable sales to determine “market value”. Whatever price you sell to a relative is irrelavent.