walleyes
Freshman Member
- Joined
- Feb 23, 2026
- Professional Status
- General Public
- State
- Texas
You actually can default on a reverse mortgage — just not for missing monthly payments (since there aren’t any).
Borrowers still have to pay property taxes, keep insurance active, maintain the home, and live in it as their primary residence. If they don’t, the lender can call the loan due and it can move toward foreclosure.
More info https://reverse.mortgage/foreclosure
Borrowers still have to pay property taxes, keep insurance active, maintain the home, and live in it as their primary residence. If they don’t, the lender can call the loan due and it can move toward foreclosure.
More info https://reverse.mortgage/foreclosure