Their normally good for the lenders if the home occupants pass within a few years. I have 38 acres that surrounds a five acre tract with a 6,000 ft home with a reverse on it. The old couple took out a reverse on the home two years after it was built. After thirty years the husband passed the wife in her 90,s went into a nursing home. The pay off to the lender is near $800,000. House likely worth $300,00+ as needs a lot of work. Apparently it worked for them due to length of time they were able to draw monthly on the loan.

The house has sit empty for eighteen months and the government loan agency will not discuss the sale of it with me. They pay a caretaker to check on it and mow the lawn. Our Government as usual doing its poorest. GW

If an injury has to be done to a man it should be so severe that his vengeance need not be feared. MACHIAVELLI