Notice: Due to COVID-19, we will be conducting all consultations either via video chat, phone, or email. Please don’t hesitate to call us if you have any questions!
Call Today 619.458.3739
Find Debt Relief Today Start Your Path to Financial Freedom

Reverse Mortgage Foreclosure in Chula Vista

Call a Chula Vista Reverse Mortage Foreclosure Attorney Today

A reverse mortgage is a way for seniors to supplement their retirement income by tapping into the equity they have obtained through their years of mortgage payments and receive monthly stipends to their income. However, when one of several circumstances occurs, the value of a reverse mortgage becomes due or else the lender can foreclose on the property. When this is the case, the owner or their estate could risk losing the home to the lender.

As a bankruptcy firm, Denton Law Group understands how stressful and urgent a bankruptcy matter can be, such as home foreclosure. With more than 30 years of experience, we have helped numerous clients successfully navigate the legal side of their financial issues with confidence, including helping many people keep their home when they faced foreclosure. We believe that personal attention and capable, diligent representation are the keys to your success, and we make it our personal mission to help you obtain your goals through quality representation and trustworthy, experienced counsel. We believe nobody should have to face their financial troubles alone—reach out to us today and let us work with you to resolve your issues and keep the home you have worked so hard for.

Are you facing foreclosure thanks to a reverse mortgage? Call Denton Law Group today by at (619) 458-3739 and ask about our free consultations!

When Can Lenders Foreclose?

A reverse mortgage is a loan that allows a homeowner to convert the equity they have built in their home to subsidize their income when they reach retirement. Therefore, these loans are only available to older individuals (age 62 or older) who have substantial equity in their home or own it outright. When you obtain a reverse mortgage, you essentially place your home back up as collateral and then receive small loan payments based on the amount of equity you have.

The balance of a reverse mortgage becomes due when one of the following circumstances occur:

  • All borrowers on the reverse mortgage have passed away
  • The property is sold or ownership transferred
  • The borrower no longer uses the home as their residence
  • The borrower doesn’t maintain the property or meet the obligations of the mortgage

When the balance of the reverse mortgage becomes payable, the estate or borrower must repay the balance of the loan. If they fail to do so, the lender may choose to move into foreclosure to recover the money loaned. This leaves the property owner or the estate with a few options they can use to try to save the home: they can repay the loan and keep the property (including either the mortgage balance or 95% of the appraisal value), sell the property and repay the loan with the proceeds, transfer the deed of the home to the lender, or abandon the property entirely and allow the lender to foreclose.

It’s not uncommon for lenders to aggressively pursue the money they loaned, and they will frequently move to foreclose quickly if a condition is met. Allowing your lender to foreclose is never the preferable option, so you should speak with an attorney as soon as possible to review your options and decide which is best for you if your lender attempts to begin the foreclosure process.

Don’t hesitate to contact Denton Law Group now and discuss your options when facing a reverse mortgage foreclosure!

  • Frequently Asked Questions

    There are many questions surrounding bankrupcty and debt relief. Get answers to common questions from our attorneys.

    View FAQ
  • Helpful Bankruptcy Advice

    Check out our blog posts for detailed explanations of how you can navigate certain debt-related situations.

    Read Blog Posts
  • Myths About Bankruptcy

    Don't be fooled by common myths! Learn more about what bankruptcy is and how it can help you get back on track.

    Learn the Myths

Client Testimonials

We've Helped Clients Just Like You Move on From Debt
  • “We thank everyone at Southbay Bankruptcy for all of their help”


  • “Mr. Denton helped me to save my home and my sanity. He was very helpful and patient.”


  • “Everyone was so helpful and understanding...”


  • “After he resolved our debt issues my wife and I were able to breath again.”

    Marco B.

  • “Would highly recommend Denton Law Group.”

    Jeff H.

  • “Mr. Denton and his staff were professional, and the staff was very polite and always welcoming.”


  • “Mr. Denton is so knowledgeable”


  • “The trustee commented as to how well our attorney prepared us for our case. Great job!”


  • “I would absolutely recommend Mr. Denton”


  • “Kerry is a bankruptcy attorney's bankruptcy attorney.”

    Ray, Bankruptcy client

  • “I received so much one on one help from Mr. Denton”


  • “Feel like I am getting my life back in order.”


  • “I truly appreciate everything he did for me.”


  • “My hearing went off without a hitch.”


  • “If it has to be done, this attorney is the one to handle it.”

    Leonard Antick