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AARP Home » Money » Managing Debt »Do Surviving Spouses H...

The Law

Do Surviving Spouses Have Protection From Reverse Mortgages?

Make sure spouse is also named on the mortgage

by: Carole Fleck, from: AARP Bulletin, Updated February 2012

Robert and Ophelia Bennett assumed that taking out a reverse mortgage on their Annapolis, Md., home, valued at $367,000 in December 2008, would help finance their retirement. "We were struggling to make ends meet," says Robert Bennett, 69. "Our mortgage was our biggest burden. We figured if we could get that off of us, we could really make it." … Back to Article

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