“Work With Local Pros Who Care”
Selling a house is one thing. Selling a house with a reverse mortgage? That’s a whole different animal—but it’s doable.
Whether you’re the homeowner or the heir to someone’s estate, here’s everything you need to know about how to sell a home with a reverse mortgage in Washington.
First, What Is a Reverse Mortgage?
A reverse mortgage (usually a Home Equity Conversion Mortgage, or HECM) allows homeowners 62 or older to borrow against their home’s equity without monthly payments. The loan becomes due when:
- The borrower dies
- The home is sold
- The homeowner moves out for more than 12 months
That’s when things get serious—especially if you need to sell fast.
Can You Sell a House With a Reverse Mortgage?
Yes. But you’ll need to pay off the reverse mortgage at closing.
Here’s the catch: If you wait too long, the lender could foreclose.
If you’re dealing with an aging parent’s home, or just inherited a house with a reverse mortgage, the clock may already be ticking.
How Fast Do You Have to Sell?
Typically, lenders give 30–180 days from the time the loan becomes due (usually after death or vacancy). Extensions are sometimes possible—but not guaranteed.
If you’re approaching that deadline, it’s time to act quickly.
What Happens If the Loan Balance Is More Than the Home Is Worth?
Good news: reverse mortgages are non-recourse loans. That means if the balance exceeds the home’s value, the lender can’t come after the homeowner or heirs for the difference.
You can:
- Sell the home and repay what you can
- Or let the lender foreclose
But if there’s equity? It’s worth selling to preserve that value for your family.
Selling As-Is With a Reverse Mortgage
If the house is in disrepair—or you’re just short on time—a traditional listing may not be the best option.
That’s where a cash homebuyer like REI Branded Home Buyer comes in. We’ve worked with dozens of reverse mortgage sellers across Washington and helped them:
- Skip costly repairs
- Avoid real estate agent fees
- Beat lender foreclosure deadlines
- Close fast (in as little as 7 days)
We’ve Helped Sellers in Cities Like:
Whether it’s a clean house or a property that hasn’t been touched in years—we’ll make it simple.
A Real Case in Spokane
We worked with a seller whose elderly aunt had passed away, leaving behind a home with a reverse mortgage and a leaky roof. The family lived out of state, and the lender had already issued a foreclosure notice. We got the property under contract within 24 hours, helped them navigate the payoff process, and closed in 9 days—saving the family from a financial and legal mess.
How to Get Started
The faster you act, the more options you’ll have. If you’re dealing with a house tied to a reverse mortgage in Washington, reach out and let’s talk.
📞 Call or text: 509-769-3439
📧 Email: info@reibrandedhomebuyer.com
🔗 Contact Us
Disclaimer: This article is for informational purposes only and does not constitute legal or financial advice. Please consult a probate attorney or financial advisor for specific 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.