Am I liable...also can i do a deed in lieu of foreclosure
(Orland Park, IL USA)
My mom died and i am titleholder of her house. she had an unpaid reverse mortgage. she was only one on reverse mortgage. this was abt 4 yrs ago. I was dealing with Morris Griffin C&L when she died re her reverse mortgage. Supposedly they took over the house after i took everything out and they changed locks and posted signs with notes to call them if interested in property. I received no taxes, etc. and sign still remains there and they do send someone out to take care of outside lawn, snow. I was also talking with them about doing a deed in lieu of foreclosure and i thought that was done because they posted the signs on house and took care of it and it still is standing empty.
Now, last week i receive papers from HUD saying there is a huge balance and i am guessing they want me to let it go to foreclosure. I thought i was out of the entire picture and there was a deed in lieu of foreclosure....No answer and no calls can go thru to Morris Griffin at the phone numbers on my papers and on the website. I was not and will never be in position to buy that place and i dont want my credit to go bad if it goes into foreclosure. I have been told that a reverse mortgage is a non recourse loan and they cannot come to me....What is going on?????? what steps do i need to take. I am nearing 70 and dont need to be hit with this.....thank you for your time.