Foreclosure FAQ
FAQ on reverse mortgage foreclosure: causes, prevention, and what happens to heirs.
Foreclosure questions answered in plain English. Read the full foreclosure guide.
Can you lose your home with a reverse mortgage?
Yes, if you fail to pay property taxes, insurance, maintenance, or permanently move out.
Does the bank take the house when the loan balance exceeds value?
Not while you meet loan terms. HECM non-recourse rules limit repayment to home value at sale.
What happens when the borrower dies?
Heirs typically have options to sell, pay off the loan, or deed the property to the lender.