Legal FAQs
Questions asked by the public about Florida law.
Probate
What Happens When Someone Passes Away with a Reverse Mortgage?
When the last borrower dies, the reverse mortgage becomes due. The estate or heirs can pay it off, sell the home or give the lender a deed in lieu of foreclosure. For a HECM sale, HUD cannot require a price above 95% of appraised value.
Read answer- Trusted by 1800+ Clients →
- Legal FAQs →
- News →
- Learn Laws®