Be Careful About Putting Only One Spouse’s Name on a Reverse Mortgage

 · A recent case involving basketball star Caldwell Jones demonstrates the danger in having only one spouse’s name on a reverse mortgage. A federal appeals court has ruled that an insurance company may foreclose on a reverse mortgage after the death of the borrower, Mr. Jones, even though Mr. Jones’ widow is still living in the house.

But in order to minimize the impact of divorce on a family, in many cases one. mortgage and other expenses in the matrimonial home. The answer is no. Even if you leave the home, and even if the.