Pauline Chernick - Reverse Mortgage Realtor in Huntington Park, San Fernando Valley, and All of Los Angeles, CA
As a real estate associate broker/agent, I specialize in selling homes with a reverse mortgage. I have acquired a special expertise in this area because I have sold a number of these homes and am also an attorney which helps in these home sale negotiations with the buyers and the reverse mortgage company.
In addition, sometimes, the home may need some repairs before it is placed on the market or simply requires some cleaning and economical staging which allows the seller to obtain a higher sale price. I am quite good at arranging this economically and for maximum monetary benefit. I have sold many homes that require a bit of fixing and cleaning before they are placed on the market. I have a group of experts consisting of painters, plumbers, and handymen who assist me with this. I can also be of assistance in organizing and arranging the packing and or disposal of items in the home that is being sold. I have a great deal of experience in this. I have sold many probate homes as well.
When To Sell a Reverse Mortgage Home in Los Angeles, CA
For many senior citizens, obtaining a reverse mortgage allows them to continue living in their home and allows them a stream of income. However, in certain instances your circumstances may have changed and continuing to live in your home becomes impossible or undesirable.
There are three circumstances in which the owner of a reverse mortgage home may wish to sell their home which are as follows:
- Your physical condition has deteriorated and living in your home is no longer possible; a move to a assisted living or nursing facility or living with a family member is needed.
The reverse mortgage contract generally requires that you continue living in the home. Generally, after 6 months to a year, the mortgage co. can begin foreclosure proceedings if you no longer live in the home and have not sold the property. In this situation, you may want to promptly sell the property during this window in order to obtain the homes equity if there is any. Sometimes, the mortgage company will extend the 6 month to 1 year period but this must be agreed to by the parties. If you would like to sell the home, it is imperative that you promptly make arrangements to sell the home before the reverse mortgage co. begins foreclosure proceedings in order to obtain title to the home. - You may need to sell your reverse mortgage home because it is too expensive to pay for the continued maintenance of the home and/or the property taxes or Homeowner’s Association Fees as required under the terms of the reverse mortgage contract.
- The owner of the home (loan signor) dies and leaves the house to his beneficiaries who may want to sell the home and obtain the equity if the home is worth more than the existing mortgage and any closing costs incurred in selling the home.
If you are considering selling your reverse mortgage home or have inherited a reverse mortgage home, please call me to obtain a free consultation regarding whether selling the home will be of benefit to you.
I will always convey to you honest information regarding whether selling the home is specifically in your interest. Of course, ultimately this is your personal decision.
Free Consultation: Selling a Reverse Mortgage Home in Huntington Park, San Fernando Valley, or Los Angeles, CA
Whether you're managing your own reverse mortgage situation or assisting a loved one, it's essential to get accurate and honest advice. I provide free consultations to help you evaluate your options and determine whether selling is in your best interest.
When Should You Sell a Reverse Mortgage Home in Huntington Park or the San Fernando Valley?
There are several common circumstances in which a reverse mortgage property may need to be sold:
1. Owner Can No Longer Reside in the Home
If your health has declined and you need to move into a nursing facility, assisted living, or stay with family, your reverse mortgage may require that you vacate the home. Most lenders allow 6–12 months before initiating foreclosure, so selling quickly to recover any home equity is often the best financial move.
2. Rising Homeownership Costs
If property taxes, HOA dues, or maintenance costs become unmanageable, selling your reverse mortgage home in San Fernando Valley, Huntington Park, or Los Angeles may help you avoid default and preserve your equity.
3. The Owner Has Passed Away
When a reverse mortgage homeowner dies, heirs often have the option to sell the home. If the home’s value exceeds the mortgage balance and closing costs, the beneficiaries can receive the remaining equity. I help families manage this process efficiently and compassionately.
Preparing Your Reverse Mortgage Home for Sale in San Fernando Valley, Huntington Park, and Beyond
I offer a full suite of services to help you prepare the home for market and secure the best possible sale price:
Affordable Home Repairs & Staging in Los Angeles
Many reverse mortgage homes benefit from light repairs, cleaning, or staging. I work with a trusted team of:
- Painters
- Plumbers
- Handymen
These professionals help us keep costs low and value high — an especially important factor when selling a home with a reverse mortgage.
Organization & Disposal Services
I also assist with:
- Coordinating packing and moving
- Decluttering and disposal of household items
- Estate clean-outs for inherited or probate homes
Whether you're selling due to a family transition or financial necessity, I bring the tools, team, and compassion to make it manageable.
Probate and Inherited Reverse Mortgage Homes in Los Angeles, CA
As a broker with experience selling probate homes in Los Angeles, Huntington Park, and San Fernando Valley, I understand how sensitive and complex these sales can be. My legal background is especially valuable in:
- Interpreting probate timelines
- Managing communication with heirs
- Working with attorneys, trustees, and lenders
Selling an inherited reverse mortgage home requires timely decisions — I can guide you through every step.
Contact Me Today
If you're thinking of selling a reverse mortgage home in Los Angeles, San Fernando Valley, or Huntington Park, call now for a no-obligation consultation. I’ll help you explore your options, protect your interests, and preserve as much equity as possible.
Let’s make a complex process simple — together.
