In some cases, you can. This is what is known as a short sale or pre-foreclosure sale. This is something you would need to work out with the Home Retention Team at 888-APLAN4U (888.275.2648).

All reverse mortgages are "non-recourse" loans, which means that the borrower can never owe more than the value of the home regardless of loan balance. This is a misconception; a reverse mortgage is merely a loan against the property. The title remains in the name of the borrower and the lender is only repaid the loan balance or the home value, which/ever is less.

Answer: Reverse mortgages are considered non-recourse loans meaning you cannot owe more than the value of your home. Your assets and your heirs' assets are never taken into account when it comes to lending a reverse mortgage. Your home serves as the only collateral.

All reverse mortgages are "non-recourse" loans. This means that the borrower or heirs can never owe more than the value of the home regardless of the loan balance.

No. The loan is "non recourse" meaning that the lender can only collect payment based on the value of the property. The heirs to the property are not liable for any overage.

Yes. When a property sells for less than what is owed on it, it is called a "shortsale". In these cases, you will need to make arrangements...

Real estate tips from Keith Carberry of RE/MAX. From the real estate FAQ or frequently asked questions of "It's Time to Move Up". For more information about the show, please go to www.itstimetomoveup.tv. For more information about Keith Carberry, please visit his website at www.carberrysoldmyhouse.com. Tags: real estate mortgage home house sell buy rent faq frequently asked questions keith carberry Added: 11 months ago

In many cases, we are able to help customers who owe substantially more on their vehicle than what it is worth.

We will pay you today for the equity in your car (purchase offer less loan or lease payoff). We will pay you the equity in your car on the spot and pay the lender on your behalf with certified bank funds that day.

That happens more than you might think. Many times the negative equity can be included on your next vehicle's financing. Be assured that our experienced finace staff will present you with all the options available to you.

Unfortunately, many people took out equity loans and second mortgages when the market was hot and now since the prices in some areas have dropped you may actually owe the bank more than you can sell it for. If your payments have put you in financial distress and you are having trouble selling we can help. We have programs than can help you get that property sold and save your credit - No Matter How Much You Owe! Ask our Property Solution Specialist for more details.

Many times we can pay more than 100% of your homes value, especially if you are willing to provide Owner Financing or a Lease Option. Ask us to show you how.

Make a list of what you have to offer: computer types, features, and conditions. if it's a bus-based system, what cards are in it? Find all the docs and disks, particularly the boot disks. Check the system out if you can, and make *multiple copies* of the boot disks. Put one in the disk drive, one with the docs. Take notes. Weigh the system, its floppy drives and its documents and disks (separately if they are heavy); decide if you want to ship or just want local pickup.

Each home is unique. By filling out the information requested, you will be able to meet me in person when I come to look at your home. There is no obligation. This service is free.