Can A Home With A Reverse Mortgage Be Transferred Into A Trust

Can A Home With A Reverse Mortgage Be Transferred Into A Trust

The ownership of a reverse mortgage may have contractual obligations preventing the transfer of property to another owner or into an irrevocable trust. Always ask the reverse mortgage company if a transfer of the property into a trust will violate anything contractually. Often, they will need to sign a new contract under the trust's name.

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