Protect Your Home From Reverse Mortgage Default

If you're falling behind on property taxes, homeowners insurance, or other financial obligations tied to your reverse mortgage, you're at risk of default, but you're not alone. Our counselors provide reverse mortgage default counseling and can help create a customized Debt Management Plan (DMP) to reduce your unsecured debt, freeing up income to cover housing related costs. This support can help you avoid default and stay safely in your home, at no cost to you.
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What You Gain From
Reverse Mortgage Default Counseling

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Avoid the Emotional Toll,
Get Default Guidance

Gain a clear understanding of why reverse mortgages go into default, such as unpaid taxes or insurance, and how to prevent further complications. Learn your rights, responsibilities, and the protections available to help you stay in your home.

Relieve the Pressure,
Explore Solutions

During your session, a certified housing counselor will assess your situation and walk you through tailored solutions, like repayment plans, property charge assistance, or extensions, so you can make informed decisions with professional support.

Take Action,
Protect Your Home!

Leave your session with a step-by-step plan designed to help you avoid foreclosure and stabilize your finances. With continued support, you’ll be empowered to protect your home and still be able to enjoy your retirement.

Step-by-Step
Reverse Mortgage Default
Counseling Process

Step 1
Start With a Free Reverse Mortgage Default Counseling Session

Speak with a HUD-approved counselor to assess your reverse mortgage status, understand the cause of default, and learn what options may help protect your home.

Step 2
Review Missed Obligations Like Taxes, Insurance, or Occupancy

We’ll identify what led to the default, such as unpaid taxes, insurance lapses, or absence from the home, and explain your responsibilities and what can be resolved.

Step 3
Explore Solutions to Prevent Foreclosure and Regain Compliance

There’s no one-size-fits-all answer, we walk through every available option tailored to your needs. That could include loan refinance, repayment plans with your lender, and available state or local reduction/exemption programs.

Step 4
Leave With a Plan to Keep Your Home and Protect Your Equity

You’ll leave the session with a clear action plan, support resources, and guidance, so you can resolve the default, avoid foreclosure, and stay safely in your home.
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Reverse Mortgage Default Tools & Resources

Access resources designed to help you understand your rights, explore repayment or relief options, and work with HUD-approved counselors to avoid foreclosure and stay in your home.
Explore Our Resources

Reverse Mortgage Default FAQ's

Why am I at risk of default if I haven’t missed a mortgage payment?

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Missing property taxes, insurance, or maintenance can trigger default.
Talk to a HUD-certified counselor to review your status.

Can I lose my home if I’m in default on my reverse mortgage?

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Yes, default may lead to foreclosure, but help is available. Act now, speak with a counselor to explore ways to stay in your home.

What are my options to cure or resolve the default?

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Options may include repayment plans or assistance programs.
Connect with a counselor now to find a plan that fits your needs.

How can a counselor help me if I’m already in default?

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Counselor will assess your situation and explain ways to avoid default. Get expert guidance, schedule a session with a HUD-approved counselor.