Legal Question in Real Estate Law in New York

If you have a reverse mortgage and you originally lived alone and now you have your daughter,husband,and son live with you temporarily until they get back on their feet could that endanger your reverse mortgage to cease?


Asked on 6/26/14, 8:07 am

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

No, but upon your moving out or your demise, whichever occurs first, the mortgage will become due and it is possible that the mortgage company will eventually move to sell the property. This might compel your family to leave the house or face eviiction.

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Answered on 6/26/14, 8:38 am


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