Are there successful ways of getting out of a reverse mortgage?
<p>My father in-law took out a reverse mortgage several years ago. He later passed away. It wasn't until after his death that we learned about the reverse mortgage. He died approx. 4 years ago this coming December. Had my wife and his son known about him doing this we likely would have stopped him...and since he has passed there is no way for us to know if he was taken advantage of or coerced, etc.</p>

<p>Is there anything that can be done to see about getting his wife out of this reverse mortgage?</p>

<p>I assume that the loan was legal, in light of <a href="https://www.hud.gov/sites/documents/14-07ML.PDF" rel="noreferrer">rule changes</a> pertaining to non-borrowing spouses. If so, there is really no recourse other than to repay the loan. <a href="https://www.elderlawanswers.com/feds-move-to-protect-some-surviving-spouses-of-reverse-mortgage-holders-14761" rel="noreferrer">This article</a> explains the current options / restrictions in an understandable manner, but of course it is too late to do anything about it.</p>

<p>If there was actually fraud or coercion in the loan, or if the elder party was mentally incompetent, there might be some legal recourse, but we don't have any evidence of fraud, coercion or incompetence here.</p>

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