“Work With Pros Who Care”
Reverse mortgages can seem like a great way to access cash in retirement — until life changes and you realize you want (or need) to sell your home.
If you’re wondering whether you can sell a house with a reverse mortgage in Washington, the answer is yes, but the process is different from a traditional home sale.
At REI Branded Home Buyer, we’ve helped seniors and families navigate this exact situation — selling reverse-mortgaged properties across Washington, quickly and stress-free.
How Reverse Mortgages Work
A reverse mortgage (commonly an HECM, or Home Equity Conversion Mortgage) allows homeowners 62+ to borrow against their home equity without monthly payments. The loan balance increases over time and is due when:
- The borrower passes away
- The home is no longer the borrower’s primary residence
- The borrower moves out or enters long-term care
- The home is sold
That last point is key: the home can be sold at any time, as long as the reverse mortgage is paid off at closing.
What Happens When You Sell?
When you sell a home with a reverse mortgage:
- A title company requests a payoff amount from the lender
- The proceeds from the sale are used to pay off the reverse mortgage
- Any remaining funds go to you (or the estate)
If the home is worth less than the balance, and it’s an FHA-insured reverse mortgage, you or your heirs are usually not responsible for the difference.
Situations We Commonly See
- A parent passes away and heirs inherit the home with a reverse mortgage
- The borrower needs to move into assisted living
- The property becomes too difficult or expensive to maintain
- The family wants to sell before the lender forecloses due to vacancy
In each case, we’ve helped sellers take care of the paperwork, coordinate with the lender, and sell the home as-is.
Real Story: Reverse Mortgage in Everett
One family in Everett inherited a home after their mom passed. It had a reverse mortgage balance of $186,000, but the home needed work and was worth just under $200,000. We made a fast offer, handled the title and payoff, and they walked away with cash and no stress.
Fast Facts: Reverse Mortgages in Washington
- You can sell at any time, even if the balance is growing
- A HUD-approved lender must provide the payoff
- Most sales close like normal — we just coordinate with the lender
- If the home is worth less than owed, FHA insurance usually covers the gap
We Make It Simple
At REI Branded Home Buyer, we:
- Buy homes with reverse mortgages
- Work with heirs, executors, and borrowers
- Handle cleanup, repairs, and paperwork
- Close fast — even under lender pressure
📞 Call or text 509-769-3439
📧 Email info@reibrandedhomebuyer.com
💻 Or contact us here
Disclaimer: This article is for informational purposes only and does not constitute legal, financial, or HUD-certified advice. Please consult your reverse mortgage provider or attorney for personalized guidance.
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About REI Branded Home Buyer
Real People. Real Stories. Real Solutions. We’re George and TJ — two regular guys who teamed up to create REI Branded Home Buyer, a local company with one simple mission: to help people sell their homes without stress, games, or pressure. We actually met at a local real estate meetup. A mutual friend randomly shouted, “Hey George, do you want to be this guy’s mentor?” George laughed and said, “Just give him my cell!” A coffee meeting later, and the rest is history. We've been working together ever since. Our passion for helping homeowners comes from personal experience. George was once homeless, so he deeply understands what it’s like to face housing uncertainty. TJ’s family went through a crisis and had to sell their home fast — with the help of a cash homebuyer. Those experiences shaped who we are and inspired us to create a company that treats people the way we wish we’d been treated. Let’s be real: the real estate world is full of shady companies, pushy salespeople, and sleazy homebuyers who care more about profit than people. We started REI Branded Home Buyer because we believe it should be the other way around — people first, profit second. We’re proud to call Spokane home. Our wives, Jenny and Michelle, love the slower pace of life here and all the outdoor beauty Washington has to offer. George and Jenny have two amazing daughters and two dogs — they love to travel and recently visited Japan to see their daughter abroad. TJ and Michelle are outdoor lovers through and through — backpacking, hiking, hunting, fishing, even rock climbing. Michelle’s become quite the mountaineer! If you’re thinking about selling a house — no matter the reason — we’d love to hear your story and see how we can help.