Reverse Mortgage

I have a reverse mortgage for my grandparents. What should I do?

My grandparents are 70 years and we are still working, despite being retired. They are required to continue working to pay the bills, so I'm trying to propose to them the idea of a reverse mortgage to pay me and then they take over the property after they have died. Is this possible and if so whom do you need to contact and what kind of papers do I need?

A real hands title reverse mortgage to the bank. So you want to do, you would have to persuade their grandparents to sell, and specifically to you. So I think (I'm not sure) can get away without a penalty capital gains. Not sure. This is complex. The will must be in order so if there is any rivalry does not lose all the effort you put into it. Realtors use lawyers. Lawyers often have a local Bar Association. I think the whole process begins talking to her grandparents and I think should have a contract that protects them if you can not pay the incidental expenses (it is always possible with a house).

Dangers of Reverse Mortgages