IRVINE, Calif., March 24, 2026 (EIN Presswire) — Lawyers Realty Group has successfully stopped a reverse mortgage foreclosure on behalf of the heirs of a deceased Irvine homeowner, giving the family the time and financial support needed to sell the property peacefully and move forward without the trauma of eviction.
The daughter of the deceased contacted Lawyers Realty Group after discovering a foreclosure notice posted on the door of the family home. Her mother had passed away several years earlier, and the family had not heard from the reverse mortgage lender until the sudden foreclosure action. While the heirs understood they could not assume the reverse mortgage (which is tied exclusively to the original borrower’s age and condition), the foreclosure timeline left them with almost no time to pack or prepare for a move.
“Reverse mortgages automatically become due upon the death of the borrower, and heirs must either pay off the loan or sell the home,” said Derik Lewis, lead attorney and Realtor® at Lawyers Realty Group. “In this case, the balance had grown far beyond the home’s current value due to years of accrued interest — a common situation when the borrower lives a long life. Most families in this position face immediate foreclosure pressure with no recourse.”
Leveraging its deep connections within HUD (which oversees the federally insured Home Equity Conversion Mortgage program), Lawyers Realty Group immediately secured a full retraction and rescission of the foreclosure notice. Derik Lewis then negotiated directly with the mortgage servicer and HUD officials to obtain extended postponements, giving the family ample time to properly list and sell the home as a short sale on the open market through the firm’s full-service brokerage. There was no cost or fee to the heirs whatsoever, the lender paid all amounts due in the transaction including the commissions and closing costs.
“Because we are both licensed attorneys and Realtors®, we were able to coordinate the legal halt of the foreclosure while simultaneously marketing the property to achieve the best possible price for the sale,” continued Lewis. “We also successfully secured relocation assistance funds to help the family with moving expenses — money they would never have received without our intervention.”
The heirs were able to pack and move on their own timeline, avoiding the stress and damage of a foreclosure or eviction, while also receiving much needed money for their relocation.
Mr. Lewis emphasized the unique advantage of Lawyers Realty Group’s model when dealing with a foreclosing reverse mortgage having a loan balance that far exceeds the home’s value.
“This excellent resolution was only possible because of our legal acumen and established relationships inside HUD and with reverse mortgage servicers,” he added. “A traditional real estate agent has no legal authority to address foreclosure activities or negotiate such an outcome. Only an Attorney/Realtor® team like ours can combine legal strategy, regulatory connections, and full MLS brokerage services to protect families in these complex reverse mortgage situations.”
About Lawyers Realty Group
Lawyers Realty Group is California’s premier Attorney/Realtor® team dedicated to helping homeowners in financial distress. The firm specializes in foreclosure defense, short sales, probate and trust sales, zombie mortgages, reverse mortgage complications, judgment liens, bankruptcy lien avoidance, and creative solutions that allow families to keep their homes when possible or sell on the best possible terms when necessary. With full MLS brokerage services and in-house legal representation, Lawyers Realty Group delivers results that traditional real estate agents simply cannot match.
For a free confidential consultation, contact Lawyers Realty Group at (949) 264-0966 or visit www.lawyersrealtygroup.com.