Reverse Mortgages - Can I or Executor and Kids Control the Sale?

The bank completely controls the sale of the house to get themselves paid back and the estate gets what's left. So effectively you have a full 12 months to satisfy the lean as long as you can show the servicing lender a good faith effort to satisfy, whether that's sale or refinance. In the interim, from the time the person dies to when I actually sell it six to 12 months later, still nothing is due other than upkeep, taxes, insurance, whatever,. Yes, but your interest also happens to continue to be accruing. You probably want to satisfy the obligation at that point as soon as you can to limit the growing liability assuming there's still equity in the house.