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How Are a Borrower’s Rights of Ownership Affected by a HECM Reverse Mortgage?
How Are a Borrower’s Rights of Ownership Affected by a HECM Reverse Mortgage?

They are affected only in that a lien is placed on the property to assure that the borrower meets the obligations specified in the loan contract. This is the same as with a standard mortgage, except that with a standard mortgage borrowers have a monthly payment obligation and on a HECM reverse mortgage.