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Guest

Hi,
My mother is getting a reverse mortgage on her home (Florida) and wants to add my sister and I to the deed (not mortgage) so that if/WHEN mom passes away, we're already on the deed to the home. Neither me nor my sister are 65 or older. Is it possible/legal to add us to the deed at the time of closing on her reverse mortgage?

If it is not possible, other than my mother's will, which lists both of us as heirs, is there anything we could/should do on her home at the time she gets the reverse mortgage?

Thanks!

jameshogg · Posted: Tue Oct 19, 2010 11:06 pm Post subject:

Hi Guest,

As you and your sister are not 62 years old, you won't be able to add your name to the property deed when your mother takes out a reverse mortgage. If your names are mentioned on the will as the heirs to the property, then you will have to probate the will and get the property transferred in your name after her death.

Thanks

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