FAQs

Timing depends on the loan type and the completeness of the package, but HCS says some bridge loans can close in as little as 7 business days or less, trust and estate loans are often available within 7 to 10 days in many cases, and fix-and-flip loans can close in as little as 4 to

HCS Equity’s California loan programs include trust and estate loans in probate, reverse mortgage payoff loans, fix-and-flip and distressed-property loans, 1031 and reverse 1031 exchange loans, bridge loans, and second trust deeds.

HCS Equity has been providing capital to Trusts and Estates for over 20 years. We are well versed in working with trustees, court appointed conservators, fiduciaries, attorneys, or other family members that may be involved in this transaction.

Yes, your property can be in an irrevocable or revocable living trust.

No, your heirs or estate are not liable for this debt in the event of negative equity.

A credit report is necessary, but Reverse Relief does not have a minimum credit score requirement.

No, HCS Equity does require traditional income documentation such as tax returns, paystubs, or bank statements. The borrower should have sufficient monthly income to maintain the property tax and hazard insurance payments.

No, you can have an existing mortgage on your property and Reverse Relief will retire the existing debt as part of your new mortgage. This is a great way to relieve your monthly debt, obtain funds to fix up your home, maintain a comfortable lifestyle, or help out your family.

Yes, you are still responsible for paying all property taxes and hazard insurance for the home. The Reverse Relief program does NOT impound these payments, and they are required to be kept current. If your taxes or insurance are not paid on time, HCS Equity has the right to call the loan due or obtain

Reverse Relief is a fixed-rate loan program. The interest rate on your loan documents will not change during the term of your loan. Interest accrues and compounds on the outstanding balance based on the fixed rate represented on your loan documents.