Are you a Colorado Springs homeowner who took out a reverse mortgage to take advantage of the equity you’ve built up in your investments? Or did you inherit a home with a reverse mortgage? No matter your situation, if you find yourself needing to sell the property, Summit All Cash will buy the home AS-IS. When you sell to us, we take your property AS-IS, no matter its condition. Best yet, you pay no fees or commissions.

Unlike conventional mortgage programs, a reverse mortgage is a non-recourse loan, meaning you or your heirs cannot be held responsible for the outstanding deficiency beyond the sales price of the home. But listing the property on the market and waiting for it to sell can take a long time with no guarantee that the sale price will exceed the reverse mortgage balance. Don’t go underwater and face foreclosure and damage to your credit because you can’t afford the terms of your reverse mortgage.

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