No. Your lender cannot foreclose on (or take away) your home if you outlive your reverse mortgage. The lender can, however, foreclose if you fall behind on property taxes, homeowner’s insurance or home maintenance, or if you move away.
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No. Your lender cannot foreclose on (or take away) your home if you outlive your reverse mortgage. The lender can, however, foreclose if you fall behind on property taxes, homeowner’s insurance or home maintenance, or if you move away.