Personal Finance
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Personal Finance
10 min read
Selling a House With a Reverse Mortgage in Michigan: Heirs' Deadlines and the 95% Rule
You can sell a house with a reverse mortgage, and the loan is paid off at closing. For heirs, HUD's rules set the clock: 30 days to answer the servicer, about six months to sell, and a 95% floor when the house is worth less than the loan.
