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.

A.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. A.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. See similar questions...

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. See similar questions...

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... See similar questions...

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. See similar questions...

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. See similar questions...

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. See similar questions...

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. See similar questions...

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. See similar questions...

In many cases we can take over your payments so you can get on with your life. Even if you have no equity we could still buy your property. See similar questions...

No. Your liability is limited to the net sale proceeds from the sale of the property. You will have no personal liability for payment of the notes. No deficiency judgment may be taken against you or your estate. See similar questions...