My parents, who are almost 90, took out a reverse mortgage years ago. People who do this need to read the fine print, or have an attorney read over the documents. All lenders with these programs are different. The main thing you have to do is keep-up the property. Some lenders require drive-bys and inside checks once or twice a year. Any repairs needed will be billed back to the estates when the owners pass; and at high inflated prices. Pay attention to the repairs provisions.