I have a reverse mortgage. Can the lender still foreclose on my home? The answer to that question is yes, but only under limited circumstances.

If you don’t pay your property taxes and you don’t keep your home insured, which is your obligation, then you are going to be in default under your reserve mortgage loan documents. When that happens, the lender can and very well may foreclose on that reverse mortgage. So, it’s extremely important that you keep those insurance and property tax obligations current.