Reverse Mortgage Payoff FAQ

For the past 20 years, HCS Equity has perfected the process to pay off a reverse mortgage that is in default. Often, loans from HCS Equity can be funded within 5–7 days, which has been ranked by trust and estate attorneys as the quickest lender in California. HCS has funded over $1,000,000,000 in loans over

A reverse mortgage usually needs to be paid off in full within 6 months after the original borrower dies. This short window does not allow a trustee or administrator sufficient time to manage the trust or probate process and often causes the property to be sold at a discount. HCS Equity provides bridge loans allowing

If your parents have passed and the property is in an irrevocable trust or probate, HCS Equity in Carmel, California has the right types of loans to pay off the reverse mortgage that is due and provide time to manage the property until a long-term conventional loan can be funded. HCS has been consistently ranked

HCS Equity can provide a short-term bridge loan to pay off the reverse mortgage that is in foreclosure, and provide time to manage the property during the probate process. This will allow the administrator the time needed to complete the legal process of probate. Loans can be provided for up to 2 years as long

Our loans can be provided to an irrevocable trust, an estate going through the probate process, heirs that have already inherited a property or a spouse left property with a mortgage being called due.

HCS Equity offers reverse mortgage payoff loans from $30,000 to $3,000,000.

Yes, depending on the value of the home and the outstanding loan, HCS Equity may be able to lend extra funds to pay for these additional expenses along with the interest carry forward.

The estate can borrow extra funds up front to pay for future payments so that the beneficiaries don’t have to worry about the monthly payments until the loan is repaid or the home is sold.

Our loans are typically based on a 1 year balloon, but we can accommodate a longer term if needed.

The reverse mortgage servicing firm should send a letter to the property address, or mailing address on file indicating the amount due. In addition, escrow will order an official payoff demand right away with the proper authority provided.