Quote:
Originally Posted by bpu699
The $45,000 probably isn't fees. That's probably what she drew down in equity in the reverse mortgage. She has to pay that off at the closing. The agent has nothing to do with that cost, it's the lender she borrowed from. Review the loan documents...
Bo
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Given the numbers, that would make more sense.
However, the fact that she was told it was from "some new laws" raises suspicions a bit. More info is needed, and the first order of business would be to get a pay-off figure from the bank.