A reverse mortgage borrower has three (3) responsibilities:

1. Occupy the property as his/her primary residence;
2. Keep homeowner's insurance on the property throughout the life of the loan; and
3. Pay all real estate property taxes and other property assessments throughout the life of the loan.

Thus in general, as long as the borrower can satisfy these requirements, the borrower will NEVER be forced to sell the home.

Additionally, when the loan does finally become due, the reverse mortgage lender is only secured to the real property. Thus, the lender can only look to the value of the real estate for repayment of the reverse mortgage and not any other asset in the borrower's estate.

Furthermore, neither the borrower nor the borrower's estate will be subject to any claim that may arise if the value of the property is less than the payoff of the reverse mortgage. FHA mortgage insurance will cover any balance due the lender.