When you have a reverse mortgage, what happens to the house when you pass away?

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John C Brandy, Financial Consultant (Hourly)

@brandyjc • 09/28/16 This answer was first published on 09/28/16. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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It becomes property of the bank you sold it to when you set up the reverse mortgage. There may be exceptions, but that's normal.

Disclaimer: I'm not an attorney or a CPA, and you might need one. What I do is help people with their eventual non-working future.

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