A reverse mortgage becomes due if you stop living in the home, fail to pay property taxes or insurance, or rent it out. The servicer can force repayment and sell the property if they discover any of these violations.
In the loan agreement on a reverse mortgage, you're agreeing to 3 things. You're, you're gonna maintain the property taxes, the homeowner's insurance, and you're gonna live in the home as your primary residence. If the servicer finds out that you've turned your home into a rental property and you've left permanently, they can call that loan due and payable. That's just the reality of it. So that's the loan agreement. This is a loan for primary residence. So there are some people that get caught in that situation. Where then, oh, well, now I have to go— the reverse mortgage is due. I only have a certain amount of time to deal with that because otherwise the servicing company can start foreclosure proceedings. So technically speaking, yes, a servicer can force the sale of your home under those arrangements where you've broken a maturity event.
