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My mother owns a reverse mortgage home. My brother (age 62+) has been living in the home for 10+ years. He is not a co-borrower. Mom recently passed away. My brother wishes to exercise some sort of occupancy rights extended to inhabitants who are offspring/heirs and greater than 62 yrs old. We’ve been told this relates to a new rule in effect in CA. Is any part of this a real thing or is it 100% fiction?

Joanne T. on 01.04.2019
Michael G. Branson Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040)
Cliff Auerswald All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041)