Magistrate: Portion Of Parcel Containing Dwelling Was Part Of Reverse Mortgage

Mealey's (March 16, 2023, 2:11 PM EDT) -- MONTGOMERY, Ala. — A reverse mortgage company is entitled to summary judgment on a homeowner’s injunctive and declaratory relief and damages claims in a lawsuit stemming from a reverse mortgage default and subsequent foreclosure sale because while a portion of the property at issue was not correctly described in the metes and bounds description in a foreclosure deed, the “record is clear, convincing, and satisfactory that the dwelling was a key component” of the reverse mortgage, a federal magistrate judge in Alabama ruled....