Original Thornton Properties
Thornton founding families often remained in their 1950s-60s homes for decades. Many used reverse mortgages for retirement income. Now their heirs must navigate HECM payoff while dealing with the emotional aspects of inheritance.
Reverse Mortgage Heir Process
Notify the Servicer
The loan servicer must be notified of the borrower death. They will provide payoff information and establish timelines for heirs to satisfy the loan.
Assess Your Options
Heirs can sell, refinance to keep, or walk away (if underwater). We help you understand which option makes most sense for your situation.
Fast Closing Available
Our 7-14 day closing means you can resolve the HECM quickly. No need to stress about lender deadlines or foreclosure threats.
Thornton Neighborhoods We Serve
Adams County Resources
Adams County has seen strong growth and appreciation. Even older Thornton properties with reverse mortgages may have significant remaining equity due to this appreciation.
Frequently Asked Questions
Can you buy a Thornton house with a reverse mortgage?
Yes. We purchase properties with HECMs throughout Thornton. The reverse mortgage is paid at closing and heirs receive any remaining equity.
Original Thornton homes are older - is there still equity?
Thornton has seen significant appreciation. Even 1950s-60s homes with older reverse mortgages often have remaining equity. We provide free assessments.
What if the property needs significant repairs?
We buy as-is. Deferred maintenance is common with reverse mortgage properties. No repairs needed before selling to us.
How quickly can I find out about equity?
We assess property value and approximate loan payoff within 24-48 hours. You will know quickly whether equity exists for heirs.
How fast can you close?
We close in 7-14 days. This meets HECM servicer timelines and gets funds to heirs quickly.