Original Aurora Properties
Many Original Aurora and Hoffman Heights homes have been owned by the same families for decades. Seniors in these areas often used reverse mortgages. Property appreciation may have preserved significant equity for heirs.
Your Options as an Heir
Sell and Receive Equity
We purchase the property, pay off the HECM from proceeds, and send remaining equity to heirs. This is the fastest way to access your inheritance.
Refinance and Keep
If you want to keep the property, you can refinance to pay off the HECM. This requires qualifying for a new mortgage in your own name.
Deed in Lieu (Underwater)
If the loan exceeds home value, you can deed the property to the lender with no personal liability. HECMs are non-recourse loans.
Aurora Neighborhoods We Serve
Multi-County Coordination
Aurora spans three counties, but reverse mortgage servicers work the same regardless. We coordinate with servicers and handle all documentation for any Aurora property.
Frequently Asked Questions
Can you buy an Aurora house with a reverse mortgage?
Yes. We purchase properties with HECMs throughout Aurora. The reverse mortgage is paid at closing and heirs receive any remaining equity.
Aurora spans multiple counties - does that matter?
Not for reverse mortgage purposes. We handle properties in Arapahoe, Adams, and Douglas county portions of Aurora. The HECM process is the same regardless of county.
How do I know if there is equity left?
We can assess property value and loan payoff within 24-48 hours. Aurora appreciation has been strong, so many properties have remaining equity.
What if my parent had the loan for 15+ years?
Older HECMs have larger balances due to accumulated interest. However, Aurora appreciation may still have outpaced loan growth, leaving equity for heirs.
How fast can you close?
We close in 7-14 days. This easily meets the typical 6-month HECM payoff timeline.