Do Banks Do Short Sales on Reverse Mortgages?

/ / Published in Q&A - Home Selling Questions, Real Estate Tips, Short Sale

Question:

“My mother moved to a senior home and we need to sell. She has a reverse mortgage and is upside down. Do banks do short sales on reverse mortgages?”

Answer:

Yes!

Short sales on reverse mortgages are as fast and easy as they get. In fact, we just did one and got the bank’s approval in about a week, which is much faster than normal.

Give me a call at (858)457-KENT and we’ll get started.

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Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.

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