Reverse mortgages can help seniors tap home equity without monthly payments—but they also bring deadlines and potential foreclosure if the loan becomes due. If you or a loved one has a reverse mortgage and needs to sell the house, acting quickly and correctly is vital. At GoAllCash.com, we help homeowners in The Bronx, Queens, Brooklyn, Newark NJ, and Miami FL sell homes with reverse mortgages—fast, fair, and hassle-free.
Why a Reverse Mortgage Sale Is Different
A reverse mortgage loan becomes payable when the borrower:
- Passes away
- Moves out permanently
- Fails to maintain the property or pay taxes and insurance
Once the loan is due, lenders typically demand repayment—often within six months. If you can’t repay or refinance, the home can go to auction. Selling quickly before the deadline is the best way to preserve any remaining equity.
We Buy Homes with Reverse Mortgages—As-Is, for Cash
Whether your property is in good shape, needs repairs, or is tied up in probate, we’ll still make you a fair, all-cash offer and close on your timeline. You don’t need to:
- Make repairs or updates
- Clean out personal belongings
- List with an agent or worry about showings
Our experience with reverse-mortgage servicers and estate attorneys ensures a smooth, compliant sale.
How Our Reverse Mortgage Sale Process Works
- Reach out and tell us about your home and reverse mortgage balance.
- We review the loan terms and lien payoff requirements.
- You get a no-obligation cash offer—often within 24 hours.
- If you accept, we coordinate directly with your lender, heirs, or estate attorney.
- We close in as little as 7–14 days, making sure you meet the lender’s deadline.
Service Areas for Reverse Mortgage Properties
We purchase homes with reverse mortgages in:
- New York: The Bronx, Queens, Brooklyn, Staten Island
- New Jersey: Newark, East Orange, Irvington
- Pennsylvania: Philadelphia and nearby counties
- Florida: Miami, Fort Lauderdale, Tampa, Orlando
- Upstate NY: Binghamton, Vestal, Johnson City
Even if the house is vacant, needs major work, or is involved in a probate estate, we can help you sell quickly and avoid foreclosure.
Preserve Your Equity and Avoid Foreclosure
If you’re asking, “Can I sell a house with a reverse mortgage?” the answer is absolutely—with the right buyer. GoAllCash.com knows how to navigate reverse-mortgage payoffs and lender deadlines so you can close before time runs out.
Contact us today for a free, no-pressure cash offer and learn how we can help you sell your reverse-mortgage property the smart way.
