How to Sell a House in Texas With a Reverse Mortgage After the Owner Dies

“What happens to the house now? Can we sell it? Do we have time?”

The short answer is: yes, you can usually sell the home — but the process is time-sensitive.

At Love Investors, we help families across Texas navigate this process. Selling an inherited property with a reverse mortgage is different from a regular sale — but with the right guidance, it can be done smoothly.

🏠 What Happens to a Reverse Mortgage When the Borrower Dies?

When the owner of a reverse mortgage passes away, the loan becomes due and payable. This typically triggers one of the following options for the heirs:

• Pay off the reverse mortgage and keep the home
• Sell the home and use the proceeds to pay off the reverse mortgage
• Allow the lender to foreclose if no action is taken (not recommended)

🔑 Timeline Matters — You Must Act Quickly

Most reverse mortgage lenders will send a notice after the borrower’s death. This notice gives the heirs a limited window to settle the loan — often within 6 months, with possible extensions if requested.

If you do not act in time, the lender may begin foreclosure proceedings.

✨ How Love Investors Helps Families in This Situation

• We buy as-is — no repairs or cleanout required
• We move quickly — often closing within 10–14 days
• We coordinate with your probate attorney and title company
• We communicate with the reverse mortgage lender on your behalf
• We help stop or avoid foreclosure if time is running out
• We offer compassionate guidance during a stressful time

💛 Common Questions

“Do we have to pay more than what the house is worth?”

No — reverse mortgages are typically “non-recourse” loans. That means you or the estate will only owe up to the value of the house — not more, even if the loan balance is higher.

💛 Ready to Take the Next Step?

If you need to sell a house in Texas with a reverse mortgage after the owner’s death, reach out to us here.

We will guide you through the process — with experience, compassion, and speed. Love Investors is here to help you protect the value of the property and move forward with peace of mind.