EPISODE #838
Can You Get a Reverse Mortgage if You’re in Foreclosure?
[Sternberg Law Group] A recent column from the Sternberg Law Group addresses the question some unfortunate homeowners may find themselves in. They defaulted on their mortgage and are facing foreclosure but are interested in getting a reverse mortgage.  [Listen for Details]
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[Yahoo Finance]Â I Willed My House to the Grandkids but Just Got a $100K Mortgage. Did I make the right choice?
- [Reverse Mortgage News Roundup] (1) SmartFi hires industry veteran to head new retail reverse mortgage division, (2) Finance of America’s reverse stock split boosts share price, and (3) August 14th webinar will focus on overcoming reverse mortgage objections.
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Shannon Hicks
Editor in Chief: HECMWorld.com
As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.
2 Comments
In the case of foreclosure, you did not mention that the lender will most likely require a Full LESA since the borrowers have defaulted.
Ron- good point. Yes- a LESA is likely to be required.