Denver Appreciation Works for Heirs
Denver median home values exceed $550,000. Many seniors who took out reverse mortgages years ago have seen their homes appreciate significantly, leaving substantial equity for heirs even after loan payoff.
Reverse Mortgage Heir Options
Sell and Capture Equity
The most common option. We purchase the property, pay off the HECM from proceeds, and you receive remaining equity. Fast closing meets lender timelines.
Pay Off and Keep
If you want to keep the property, you can refinance or pay off the reverse mortgage. This requires qualifying for financing in your own name.
Walk Away (No Equity)
If the loan exceeds home value, you can simply walk away. HECMs are non-recourse loans - heirs have no personal liability for any shortfall.
Denver Neighborhoods We Serve
HECM Payoff Process
The reverse mortgage servicer provides a payoff amount. At closing, the title company pays the servicer directly. Any remaining proceeds go to heirs. We handle all coordination.
Frequently Asked Questions
Can you buy a Denver house with a reverse mortgage?
Yes. We purchase properties with reverse mortgages. The HECM is paid from sale proceeds at closing. Heirs receive any remaining equity.
Denver property values are high - is there equity left?
Denver significant appreciation means many properties have substantial equity even after HECM payoff. We provide free assessments to determine remaining value.
What if my parent had the reverse mortgage for many years?
Loan balances grow over time, but are capped at 95% of value. Even with older HECMs, Denver appreciation often preserves equity for heirs.
How long do I have to decide?
Heirs typically have 6 months from notification. We can close in 7-14 days, giving you time to make informed decisions.
What if the loan exceeds the home value?
HECMs are non-recourse. Heirs are not personally liable for any shortfall. You can walk away without debt.