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Walk Away from Underwater Reverse Mortgage?
Reverse Mortgage Q&A
May 2, 2013
By GARY M. SINGERSun Sentinel - McClatchy-Tribune Information Services
QUESTION: We took out a reverse mortgage a few years ago and now want to leave the house to move closer to our children. The loan is more than the property is worth, so we can't sell it. What happens if we just walk away from it?
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