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What should I do if I have a reverse mortgage loan and I can’t pay my property taxes or homeowners insurance?

  • Listed: August 13, 2022 2:37 pm
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What should I do if I have a reverse mortgage loan and I can’t pay my property taxes or homeowners insurance?

If you can’t pay your property taxes or homeowners insurance, look for help right away. Home Equity Conversion Mortgages (HECMs), the most common type of reverse mortgage loan, require that you keep current on your property taxes and homeowners insurance. Failure to pay either may lead to foreclosure.

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Listing ID: 29262f7b7249f331

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