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Does an HOA lien supersede the mortgage lien? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
Using a Reverse Mortgage to Stop a Foreclosure. If you can’t qualify for a refinance, another option-though not necessarily a good one-to stop a foreclosure is to take out a reverse mortgage to pay off the existing loan. The most widely available reverse mortgage is the FHA Home Equity Conversion Mortgage (HECM).
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Chicago, IL For some seniors, the money offered through a reverse mortgage can be a lifesaver. People living on a fixed income might not have enough money to make ends meet in the case of illness.