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AARP Bulletin

Why Both Spouses Should Be Named on a Reverse Mortgage

Lenders can foreclose after a borrower dies, even if the surviving spouse wants to stay

Editor's Note: On Sept. 30, 2013, a federal trial court in Washington, D.C., ruled that HUD violated federal law when it did not protect surviving spouses of holders of reverse mortgages.Back to Article

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LOAN OF LAST RESORT: Two reverse mortgage borrowers have two very different outcomes.

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