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What happens to a reverse mortgage when the owner dies?

Short answer

It usually becomes due. Heirs can typically repay it, sell the home, or let the lender take it, with set deadlines. Contact the servicer quickly.

Rules differ by state. This is general information, not legal or professional advice.

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Official sources

CFPB: inheriting a home with a mortgageconsumerfinance.gov
HUD: reverse mortgages (HECM)hud.gov
IRS: inherited property and taxesirs.gov