Hesitant to sign up for a reverse mortgage? CNBC Select outlines the alternatives, including refinancing and home equity ...

USA TODAY’s review of government foreclosure data found a generation of families fell through the cracks and continue to suffer from reverse mortgage loans written a decade ago. These elderly ...

New York lawmakers passed a rule in 2017 that gives seniors facing reverse mortgage foreclosure the same protections they would have in a traditional foreclosure proceeding in the city.

Your heirs must repay the loan by buying the house, selling it or giving the lender a deed in lieu of foreclosure. Yes, some lenders offer reverse mortgage refinancing including Mutual of Omaha.

Experts suggest that homeowners stay in communication with their reverse mortgage provider and take prompt action if problems arise to prevent foreclosure. It’s important to maintain accurate ...

U.S. Department of Housing and Urban Development. “Updates to the Home Equity Conversion Mortgage (HECM) Program." Finance of America. "Foreclosure in reverse mortgage." ...

Reverse mortgage proceeds may affect your eligibility for means-tested federal government programs like Medicaid or Supplemental Security Income. Foreclosure risk. Failing to pay property taxes or ...

This story was originally published by the Illinois Answers Project as part of their series Making it in Chicago: Detours and ...

A reverse mortgage can make it possible for older ... Option 4: Provide a deed in lieu of foreclosure If all else fails, the ...

In May 2022, the property was sold at a foreclosure auction ... and ordered that RMF’s mortgage was divested,” the ruling said. “We, therefore, reverse the court’s order granting the ...