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April 22, 2008


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The key that Gail mentions should be emphasized: "when there is enough equity to do this".
There are many people here trying to get reverse mortgages California, but they unfortunately cash-out too much of their equity and their home value declined too much for them to qualify for a reverse mortgage.

Foreclosure Process

This site has some interesting information on this topic.


Good Luck

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If you don't have any equity, this will not be an option. As mentioned above, many borrowed upto or past their homes appraised value; the only thing these folkes can do is either pay up, or have their home forclosed.

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