Reverse Mortgage Issues
Due-and-payable, occupancy certifications, or T&I defaults — we navigate the servicer requirements.
How It Works
Servicer check-in
Reason for default (T&I/occupancy/estate). Confirm timelines.
Documentation
Affidavits, POA/estate docs, insurance and tax cures if feasible.
Resolution path
Reinstate, repay plan, or sale (including short sale when underwater).
Close-out
Coordinate vacate or sale in line with servicer directives.
What You Can Expect
- Clarity on reinstatement vs. sale requirements
- Coordinated path for heirs/estate when borrower passed
- Realistic timelines that match HECM rules
Document Checklist
- Servicer letters/notices, mortgage statement
- Occupancy affidavits, death certificate/estate letters (if applicable)
- Insurance dec page, property tax status, HOA if any
Tip: If you don’t have everything, send what you do have — we’ll triage and request the rest.
FAQs
Can heirs keep the property?
Yes if they satisfy the loan per program terms; otherwise sale is typical.
Is short sale possible on a reverse?
Yes when value is below the loan balance and investor approves.
Do we need court/estate work first?
Sometimes. We’ll align title/estate steps with the servicer’s requirements.
We’re not a law firm or HUD agency. We coordinate with approved counselors and your chosen attorney. Your situation is unique; timelines and outcomes vary.