Can A Reverse Mortgage Be Transferred To Another Person?
Can my partner, family, or dependents live in my home if I have a reverse mortgage? As long as you still live in the home, having a reverse mortgage does not change who can live with you. Most reverse mortgages today are Home Equity Conversion Mortgages (HECMs).
Can a family member take over a reverse mortgage?
Unfortunately, however, you can't add a family member to an existing reverse mortgage.
Can a Family Member Be Added to a Reverse Mortgage?
Can you do a deed in lieu on a reverse mortgage?
A: Yes – reverse mortgage companies will often work with borrowers and their representatives to negotiate a deed in lieu of foreclosure.
Negotiate a Deed in Lieu of Foreclosure for a Reverse Mortgage