[WSBARP] Reverse Mortgages and Foreclosure
Marcus Fry
mfry at lyon-law.com
Mon Mar 16 16:44:58 PDT 2015
I rarely encounter these, and have never seen one foreclosed upon. If a bank judicially forecloses on a reverse mortgage in WA, they cannot obtain a deficiency judgment against the debtor because it is a reverse mortgage is a nonrecourse loan, correct?
Marcus J. Fry
Lyon, Weigand & Gustafson, P.S.
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