“How REI Branded Home Buyer Can Help”
Reverse mortgages can offer financial relief for seniors, but when it’s time to move or pass the property on, many Washington homeowners (or their heirs) find themselves asking, “Can you even sell a house with a reverse mortgage?”
The answer is yes, you absolutely can. But there are a few key things you need to understand before moving forward. Whether you’re dealing with your own home or handling a loved one’s estate, we’ll walk you through everything you need to know about selling a house with a reverse mortgage in Washington.
What Is a Reverse Mortgage?
A reverse mortgage is a type of loan available to homeowners aged 62 or older. Instead of making monthly payments to a lender, the homeowner receives money from the lender—either as a lump sum, monthly payments, or a line of credit—using the home’s equity as collateral.
But unlike traditional mortgages, the loan balance increases over time, and it becomes due when:
- The homeowner sells the home
- The homeowner moves out for more than 12 months
- The homeowner passes away
So Can You Sell the House?
Yes, you can sell the house at any time—you just need to repay the reverse mortgage balance from the sale proceeds.
Here’s how the process works:
- Determine the payoff amount by contacting the mortgage servicer.
- List or sell the property, either through a real estate agent or directly to a cash buyer like us.
- Pay off the reverse mortgage at closing.
- Keep any remaining proceeds (if the house sells for more than the loan balance).
If the home sells for less than what’s owed on the reverse mortgage, don’t panic—most reverse mortgages are insured through the FHA’s HECM program, meaning you or your heirs won’t be held personally liable for the difference.
Can Heirs Sell a House With a Reverse Mortgage?
Yes, if you’ve inherited a house with a reverse mortgage in Washington, you have a few options:
- Sell the house and pay off the reverse mortgage
- Refinance the loan into a traditional mortgage (if you want to keep the home)
- Do nothing, and the lender will eventually foreclose
Most heirs choose to sell. But timing matters—you typically have 30 days to respond and up to 6 months to repay the loan (sometimes longer if you request an extension).
Selling As-Is to a Cash Buyer Can Be a Smart Move
If the property is outdated, in poor condition, or you’re just overwhelmed by the process, selling to a cash buyer might be the simplest solution.
Here’s how we help at REI Branded Home Buyer:
- ✅ We buy houses as-is (no repairs or cleanup)
- ✅ We help with paperwork and reverse mortgage coordination
- ✅ We close on your timeline—even in 7 days or less
- ✅ We offer a no-pressure cash offer
We’ve worked with families all over Washington who inherited reverse mortgage properties and didn’t know where to start.
Spokane Family Finds a Solution
Recently, a Spokane homeowner reached out to us after their mother passed, leaving behind a house in South Hill with a reverse mortgage. The property needed major repairs and the reverse mortgage company had already sent notices. We stepped in, made a fair as-is cash offer, worked directly with the lender, and closed in under three weeks. The family avoided foreclosure and walked away with peace of mind.
We Buy Reverse Mortgage Homes in Washington, Including:
Let’s Make It Easy
We understand how stressful dealing with reverse mortgage properties can be—especially if it’s tied to loss, probate, or health issues. We’re here to help you through it all with compassion and clarity.
📞 Call us now at 509-769-3439
📧 Email info@reibrandedhomebuyer.com
🔗 Or contact us here for a free, no-obligation cash offer.
Disclaimer: This article is for informational purposes only and does not constitute legal or financial advice. Please consult an attorney or financial advisor before making decisions related to reverse mortgages, probate, or inherited property.
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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.