Reverse Mortgage Payoff Request

Can you negotiate a reverse mortgage payoff?

A: Yes – reverse mortgage companies will often work with borrowers and their representatives to negotiate a deed in lieu of foreclosure.

Negotiate a Deed in Lieu of Foreclosure for a Reverse Mortgage

How long does a lender have to respond to a payoff request?

By law, the servicer must respond to you within seven days, excluding legal public holidays, Saturdays, and Sundays.

Mortgage Servicer Payoff Statement Request | Nolo

What happens when you request a mortgage payoff?

In mortgages, the term "request payoff" means the borrower is asking for the exact amount owed that will satisfy the loan in full.

What Does "Request Payoff" Mean in Mortgage Loans? - Home Guides