Reverse Mortgages

Following the death of a loved one many families learn that the decedent had obtained a Reverse Mortgage or Home Equity Conversion Mortgage. A reverse mortgage is a financial agreement in which a homeowner relinquishes equity in their home in exchange for a lump sum or regular payments, typically to supplement retirement income. Unlike traditional mortgages, which decline as you pay down the loan, reverse mortgages rise over time as interest on the loan accrues. Upon death, a homeowner with a reverse mortgage must pay back the reverse mortgage amount in full almost immediately. If other family members living in the home following the death of the owner, the family members must pay off the reverse mortgage or vacate the home almost immediately following the homeowner’s death.

Establishing communication with the reverse mortgage lender following death of the homeowner can be very burdensome and proof of heirship is required. The DFW Probate Team has significant expertise working with reverse mortgage lenders and can provide invaluable guidance to navigate communication with mortgage lenders.


It is common for homes with a Reverse Mortgage to slip into foreclosure. Even when the owner of the home is still living, if payments for taxes and insurance are not current the reverse mortgage lender will quickly foreclose on the home.

Following the death of the homeowner, or if the homeowner vacates the home in any other way, the reverse mortgage balance will be due in full. If the reverse mortgage balance is not immediately paid in full the lender will foreclosure very quickly.

Solutions for family members during difficult times.

The DFW Probate Team has significant expertise with Reverse Mortgage and Foreclosure assisting hundreds of families work with mortgage lenders to develop equitable solutions.

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Lighthouse Home Solutions, Real Estate, Dallas, TX