As some may know, a reverse mortgage is only set up for property owners of retirement age. Also, it lets them borrow money, much like a home loan. At the same time, they have no loan payments. Plus, the loan pays off any existing, traditional mortgage. Although, interest and other fees do accrue. In fact, these accrue over the life of the loan. And, it’s not until a ‘trigger event’ that they become due. What is a trigger event? One like a homeowner’s passing. When that happens, things move to a whole new level on the topic. It’s a level that can even be confusing for many. But, thankfully, there’s an answer. And, that comes with the LaRoche Team of Probate Realtors. They are experts. They provide probate property reverse mortgage total solutions.
LaRoche Team Probate Property Reverse Mortgage Total Solutions
Let’s say someone, with a reverse mortgage passes. What happens to the mortgage? Well, it stays with the property. In fact, its debt is then due. Plus, there are quite a few scenarios that can play out at this point. It just depends on the status of the reverse mortgage. As a result, it often takes no easy handling. It often takes no easy resolving of a reverse mortgage at this stage. That’s where husband and wife team, Steve and Terry LaRoche come in.
The LaRoche Team brings many years of experience in handling and helping resolve probate property issues with reverse mortgages. Also, they have a fine-tuned, step-by-step plan. In fact, it covers even the trickiest, most time sensitive factors. And by the way, Steve and Terry are great facilitators in the whole process! They make Your peace of mind their goal.
The LaRoche Team plan of action includes that extra level of experience vital to dealing with dangling reverse mortgage issues. It includes the keen ability to turn those issues into problems solved! Also, their plan includes full attention paid to every step in the process. For example, they know some documents must come into play. They make sure these are handled.
Documents and Procedures for Probate Property Reverse Mortgages
Documents that come into play:
- Certified Letter of Testamentary/Administration or Copy of the Court Summary
- Keller Williams Realty 3rd Party Authorization to Release Information
- Legible copy of a Mortgage Statement(s)
- Death Certificate
- Signed Residential Listing Agreement
These documents are just the start of what the LaRoche Team experts assist you with. In fact, the Team steps in to avert any foreclosure process by the bank. The LaRoche solution includes promptly prepping the property for the market. It includes ensuring a prompt, equitable sale. As a result, countless probate property clients have already breathed great sighs of relief. In fact, this quick service protects the estate’s equity. And, it prevents undue lender fees.
Would you like to find out more about probate property reverse mortgage total solutions? Tap on the LaRoche Team. Also, you can tap on them for Value-Added services, with some even cost-free!
