My cousin and I are set to inherit a house from my Uncle. He has informed us, however, that he took a reverse mortgage on the home, which was previously paid off in full. As heirs, how will this affect us when the house becomes ours? What if we plan to keep the house? It's a multi-family home in Queens, so in our eyes, it's a profitable rental for years to come. What's our best option here?
Read more: What to do when inheriting a property with a Reverse Mortgage?
