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Who is responsible for paying the property taxes and insurance on my home?

April 26, 2017Home Insurance paying property taxes responsible

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Who is responsible for paying the property taxes and insurance on my home?

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Most reverse mortgage borrowers elect to be responsible for the payment of their property taxes and insurance on their home. You can contact the reverse mortgage department if you have any further questions on this issue. It is important that your taxes and insurance be kept current at all times, as they could result in a default on your mortgage if they are left unpaid.