“How REI Branded Home Buyer Can Help”
If you’re exploring the idea of selling a house with a reverse mortgage in Washington, you’re not alone. Whether you’re a homeowner who took out the reverse mortgage or an heir trying to navigate the situation after a loved one passed away, it can feel a bit confusing.
Here’s the good news: Yes, you can sell a house with a reverse mortgage. And at REI Branded Home Buyer, we’ve helped plenty of people across Washington do exactly that—fast, fairly, and without the typical headaches.
Fast Facts: Selling a Home With a Reverse Mortgage
- A reverse mortgage is a loan, and it becomes due when the borrower moves out, sells, or passes away.
- The home can be sold at any time, but the loan must be paid off at closing.
- Heirs can also sell the home after the original borrower passes away.
How Selling a Reverse Mortgaged House Works
The process is similar to a traditional home sale, with one important twist: the reverse mortgage balance must be paid off at closing. That means if you sell the house, the proceeds first go toward satisfying the loan. Anything left over is yours to keep.
What if the house is worth less than the loan balance?
Most reverse mortgages are non-recourse, meaning the lender can’t collect more than the home is worth. If the home sells for less than the loan balance, you or your heirs won’t owe the difference. HUD or the mortgage insurance will cover the shortfall.
Common Scenarios We See in Washington
- A senior homeowner needs to move into assisted living and wants to sell fast.
- Heirs inherit a property with a reverse mortgage and want to avoid foreclosure.
- A homeowner fell behind on taxes or maintenance and needs to exit before things worsen.
- The reverse mortgage is nearing its due-and-payable trigger, and time is tight.
Why People Choose REI Branded Home Buyer
If you’re dealing with a reverse mortgage, time is often not on your side. The lender may be sending letters, or the estate may be pressed to act quickly. That’s where we step in.
Here’s what you get with us:
- ✅ Fast closings (as little as 7 days)
- ✅ We buy homes as-is—no repairs needed
- ✅ We’ll coordinate directly with the reverse mortgage lender
- ✅ No agent fees, commissions, or open houses
- ✅ Full discretion and sensitivity during difficult transitions
Real Spokane Story: Solving a Reverse Mortgage Emergency
We helped a family in South Hill, Spokane who inherited a home with a reverse mortgage after their mother passed away. The lender was demanding payment, but the house had water damage and wouldn’t sell easily on the open market. We stepped in, gave them a fair cash offer, and worked directly with the reverse mortgage company to handle the payoff and paperwork. They avoided foreclosure and walked away with peace of mind.
Cities in Washington Where We Help
We buy homes with reverse mortgages all across Washington, including:
How to Get Started
The process is simple:
- Contact us and tell us about the house.
- We’ll schedule a quick walkthrough or virtual visit.
- Get your no-obligation cash offer.
- If you accept, we handle everything—including the lender payoff.
📞 Call us at 509-769-3439
📧 Email: info@reibrandedhomebuyer.com
🔗 Contact Us
Disclaimer: This article is for informational purposes only and does not constitute legal or financial advice. Please consult an attorney or financial advisor before making decisions involving reverse mortgages or estate sales.
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About REI Branded Home Buyer
Real People. Real Stories. Real Solutions. We’re George and TJ — two regular guys who teamed up to create REI Branded Home Buyer, a local company with one simple mission: to help people sell their homes without stress, games, or pressure. We actually met at a local real estate meetup. A mutual friend randomly shouted, “Hey George, do you want to be this guy’s mentor?” George laughed and said, “Just give him my cell!” A coffee meeting later, and the rest is history. We've been working together ever since. Our passion for helping homeowners comes from personal experience. George was once homeless, so he deeply understands what it’s like to face housing uncertainty. TJ’s family went through a crisis and had to sell their home fast — with the help of a cash homebuyer. Those experiences shaped who we are and inspired us to create a company that treats people the way we wish we’d been treated. Let’s be real: the real estate world is full of shady companies, pushy salespeople, and sleazy homebuyers who care more about profit than people. We started REI Branded Home Buyer because we believe it should be the other way around — people first, profit second. We’re proud to call Spokane home. Our wives, Jenny and Michelle, love the slower pace of life here and all the outdoor beauty Washington has to offer. George and Jenny have two amazing daughters and two dogs — they love to travel and recently visited Japan to see their daughter abroad. TJ and Michelle are outdoor lovers through and through — backpacking, hiking, hunting, fishing, even rock climbing. Michelle’s become quite the mountaineer! If you’re thinking about selling a house — no matter the reason — we’d love to hear your story and see how we can help.