Can I Buy a House from a Family Member That Has a Reverse Morgage on It?

Answer

Technically, no you can not buy a house from a family member that has a reverse mortgage on it. By default, if the loan is not paid off the house gets deeded to the lender. However, some states allow you to transfer a reverse mortgage loan.
Q&A Related to "Can I Buy a House from a Family Member That..."
1. Schedule a sit-down meeting to discuss the arrangement face-to-face with the family member. Explain to him that you have to treat this arrangement the same as you would if he were
http://www.ehow.com/how_7662032_rent-house-family-...
1 Decide what kind of deed you want to transfer. Most transfers between family members are done by quitclaim deeds. Offer a warranty deed if you want to include a statement that you
http://www.wikihow.com/Transfer-a-House-Deed-to-a-...
when you personally feel so.
http://wiki.answers.com/Q/When_is_it_appropriate_t...
Kanye West West says he changed his ways, though, when he learned
http://www.quora.com/Homosexuality/What-are-some-a...
Explore this Topic
A family member can buy his or her parents' house in a short sale through CitiMortgage. The short sale would have to be approved by CitiMortgage like any other ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Mobile -  Help -  Feedback © 2014 Ask.com