Wife's uncle sold his lake home on a reverse mortgage because her aunt has had a lot of medical expenses. He has to maintain the property at a certain level or they can take the property at any time. When he first did it he thought it was a good idea but is now regretting it.
In your case you would need to find out who she sold it to then find out about buying the mortgage. Be assured that they will want to make a profit on it and anything they owe her will now be yours to pay to her if they are willing to sell now. Most likely they will wait until they take position of the property before they will want to sell......at a profit.
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Today's Featured Article - Identifying Your Tractor - by Staff. Maybe you bought it from a friend who didn't know what kind of tractor it was, or perhaps (and this is every tractor fanatics dream) you stumbled across it in an abandoned field covered with weeds but intact. In any case, you have no idea what the make and/or model is. For awhile perhaps it doesn't really matter. Especially if it runs! But pretty soon you'll probably need to tinker with it a bit and maybe buy a part or too. Having a manual is nice. But how does one go about dete
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