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    3 Replies Latest reply on Jun 23, 2008 10:20 PM by reis.llc

    Are Reverse Mortgages with Land as Collateral available ?

    reis.llc Newbie
      Reverse mortgages for seniors that use their homes as collateral are common. But can a person find a reverse mortgage arrangement (pay you when I die deal) that uses land as collateral? I have a modest lakehome with sorrounding land worth millions, but can only get a mortgage against the home. Such an arrangement would be valuable to farmers, ranchers, etc. who need cash now, but are equity rich in non-liquid land. Same principles apply as homes, but why not land? Any help would be appreciated.