Reverse Mortgages to Reclaim Home in Tax Sale

Did you know that a reverse mortgage can be used to reclaim a home in tax sale?  If the title to the property has not been transferred, a reverse mortgage can be used to pay the taxes in arrears and save the homeowner from foreclosure.  There is a small window of opportunity where this can be done so it is important to start the reverse mortgage loan process as quickly as possible before foreclosure proceedings begin.