Meet the Attorney General. If you are human, leave this field blank. Buyers are able to purchase a new primary residence, and obtain a reverse mortgage, in a single transaction. Once the loan is due, the lender may seek to foreclose on the property. Chris got his start as a professional writer talking about the entertainment industry, but transitioned to the B2B arena by providing industry news to market researchers. You agree that any action at law or in equity arising out of or relating to these Terms and Conditions may only be filed only in the state or federal courts located in Michigan. If you have questions about eligibility or to purchase a home with a reverse mortgage in Florida, call our Donna Moore at Share this: Facebook Twitter LinkedIn Email Print. When the last surviving borrower dies, sells the home or primarily lives elsewhere, the loan will become due. Skip to content. Neither you, nor your spouse will be required to make another mortgage payment as long as you live in the home. June 23, June 23, E-mail is an effective means of communicating a message. The Consumer Financial Protection Bureau CFPB , a federal agency tasked with reviewing complaints about mortgages, credit cards and other consumer financial products and services, also collects complaints on mortgage servicers and lenders. By using such communications methods you are consenting to the recording or monitoring of the same. File a complaint.
