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How does the lending institution recover the money that it has given me under reverse mortgage?

April 26, 2017given institution lending money recover reverse mortgage

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How does the lending institution recover the money that it has given me under reverse mortgage?

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If your legal heirs cannot settle the reverse mortgage loan, then the property will be sold off and after realizing its money (total advances and the accumulated interest), the bank will pass on any surplus to your legal heirs.