QUESTION
I have a question concerning foreclosure from a reverse mortgage.
Asked on Jul 25th, 2019 on Foreclosures - New York
More details to this question:
My father lived on Long Island, N.Y. He has a reverse mortgage. He died in January, 2019. This mortgage is now in foreclosure. I live in Virginia. I need a lawyer in Virginia to guide me as to what I need to do.
1 ANSWER
1 Award
First you need a New York lawyer. If there are other assets, etc., you need an estate lawyer that knows the foreclosure issues. As to the house, the determination of what to do will be driven by the equity amount, if any, over what is due.
Answered on Jul 29th, 2019 at 1:51 PM