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Under the old reverse mortgage rules, non-borrowing spouses of reverse mortgage borrowers did not have the same rights borrowers did. In fact, in some cases where both spouses were living in the house but only one was named on the home title, those non-borrowing spouses were left without many options after the borrower spouse died.

However, there is one huge caveat to that. If you want your surviving spouse to be able to keep the home With a reverse mortgage, whose name is on the loan matters. Many times people fall into the.

Key Steps a Homeowner Should Know For Refinancing Their Home – North Florida Mortgage In February 2012, the agency initiated a two-year, pilot refinancing program in 19 states hardest hit by the Nation’s housing downturn to help eligible USDA borrowers reduce their. homeowners.

One thing to note is that if the collections are in the name of your. in applying for a mortgage in community property states, but a lot of this.

Be Careful About Putting Only One Spouse’s Name on a Reverse Mortgage . A recent case involving basketball star Caldwell Jones demonstrates the danger in having only one spouse’s name on a reverse mortgage. READ MORE. READ MORE. For First Time, Median Cost of Private Nursing Home Room Hits Six Figures in Annual Survey

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A recent case involving basketball star Caldwell Jones demonstrates the danger in having only one spouse’s name on a reverse mortgage. A federal appeals court has ruled that an insurance company may foreclose on a reverse mortgage after the death of the borrower, Mr. Jones, even though Mr. Jones’ widow is still living in the house.

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When Lucia Chavez saw her mortgage bill, she thought there had to be a mistake. through a program called Property Assessed Clean Energy, which takes the local name Home Energy Renovation.

Why are lenders foreclosing on elderly homeowners with a reverse mortgage when one spouse dies? A recent case involving basketball star Caldwell Jones demonstrates the danger in having only one spouse’s name on a reverse mortgage. nba rap lyrics: Well, check it out.A / To shoot the ball in the air, you see / On a two-point trajectory / Rebounds, free Be Careful About Putting Only One Spouse’s Name on a Reverse Mortgage See more