The National Reverse Mortgage Lenders Association (NRMLA) has scheduled Reverse Mortgage Education Week or April 18-22. Education Week includes two great educational sessions real estate agents will appreciate with information on selling a home that has a reverse mortgage and buying a home with a reverse mortgage.
What to Expect When Selling a Home Subject to a Reverse Mortgage
On Thursday, April 21, The National Association of Realtors is hosting a webcast for Realtors and agents who want to learn more about listing and selling a home when the owner has a reverse mortgage. Servicing expert Leslie Flynne and NRMLA EVP Steve Irwin will answer questions live from NAR’s studio in Washington, DC. They’ll address the timelines and processes for selling the home in various scenarios such as when:
- the owner is ready to move to an assisted living facility
- the owner has passed away and their children or other heirs need to sell the home
- the owner’s children have power of attorney and are selling the property on behalf of a parent
- the owner owes more on the loan than the home is worth
Interested real estate professionals can learn more and register for free online.
Meeting Your Clients’ Needs with a Reverse Mortgage: HECM for Purchase
On Friday, April 22, NRMLA is hosting a webinar that will feature a discussion about HECM for Purchase for real estate professionals interested in learning how a reverse purchase works and how their senior buyers can take advantage of it.
Interested real estate professionals can learn more and register for free online.
More information about Education Week webinars for the Mortgage Bankers Association and the American Society on Aging is available here.
