Reverse Mortgage End

The reverse mortgage is due and payable when any of the events occur:
-All borrowers have passed away
-The borrowers have sold the property or conveyed title title to another party
-The borrowers do not own the the property as their primary residence for over at least a 12 month span because of illness (physical or mental).
-Borrowers failure to pay property taxes and/or homeowners insurance
-The home is in disrepair and the borrowers are not able to or refuse to fix the property.