With a reverse mortgage if owner stays in house and ends up with excessive equity does lender go after estate?
Monday, March 31st, 2008antiquesalejunky asked:
With a reverse mortgage, If owner stays in house for longer than expected and with interest, etc. ends up “upside down” — in other words, more is owed on the house than it’s current value, (of course, after the death of the owner), and after the bank sells the house can it then come to the estate to make up the difference?