You've Inherited a Home with a Reverse Mortgage -- Now What?

Many heirs feel lost after receiving a letter from the lender. The house feels like home, but the paperwork looks like a problem. Here’s what to do when you’ve inherited a home tied to a reverse mortgage.

Step 1: Confirm Your Legal Role

Only the estate executor/executrix or legal heir can make decisions. If there’s no will, you may need to file for “heirship determination or affividant of heirship” through probate.

Step 2: Identify the Servicer

Look for the most recent mortgage statement or HUD letter — it lists the servicer managing the loan. Contact them to verify the loan status and outstanding balance.

Step 3: Understand the Timeline

HUD generally gives heirs six months to pay off or settle the loan. Extensions are possible (in 3-month increments) if you’re showing active progress, such as listing the home or applying for financing.

Step 4: Keep the Property in Good Standing

Maintain insurance, pay taxes if possible, and keep the home secure. Lenders can start foreclosure if the home falls into disrepair or loses coverage.

Unsure where to start? I guide heirs through every step — from lender communication to sale or refinance. Call or text me at 832-978-2372.