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Old 08-22-2009, 12:12 PM
1,153 posts, read 2,784,998 times
Reputation: 632


Can u get one if u owe the irs.....have lots of equity in house and am going to pay off irs debt w/ some of reverse mtge proceeds
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Old 08-23-2009, 01:26 PM
94 posts, read 322,574 times
Reputation: 41
On reverse mortgages, the amount you qualify for is based on your age and equity. You will probably have to satisfied the IRS lien amount and the monthly amount will be calculated based on the remaining equities.
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Old 08-23-2009, 07:44 PM
9,124 posts, read 30,299,350 times
Reputation: 3495
Why wouldn't you just refinance with a normal mortgage or home equity loand and pay the IRS debt in one shot?
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