Will placing a home, subject to a reverse mortgage, in a living trust trigger the sale of thes ubject property?

Much more info needed to properly answer your question.. do you already own the home and is there already a reverse mortgage on it, and are you now wanting to put it into a trust?.. If so, then this would not be allowed.. If you are going to do a reverse mortgage and want to put it into a trust, then this might be allowed.. But it must be an irrevocable trust, and all the beneficiaries must be qualified for a reverse mortgage, meaning they must be 62 or older.. There are literally a hundred different scenarios which might or might not be allowed, so without knowing all the info, it's impossible to say.. I suggest you contact a local mortgage professional who specializes in RM's, let them look at your complete scenario, and let him advise you.. Here's a link to a good resource article for RM's.. https://www.linkedin.com/pulse/can-trustee-irrevocable-trust-facilitate-acquisition-reverse-bodow-1 I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

It sounds like you already have a reverse mortgage. I would recommend contacting your loan servicer and asking them this question.

It sounds as though it would not be allowed. William Acres has seem provide a very good extensive answer.

I suggest contacting your lender or a real estate attorney.

No to answer your question. If a home is in a trust and potential borrower's would like to obtain a reverse mortgage. Then home is taken out of the trust, closing papers are signed, then put back into a trust. If the home is already in a reverse mortgage, then contacting the servicer and an attorney who specializes in estate planning/real estate would be a very good idea. I know an outstanding CA licensed mortgage loan originator who specializes in reverse mortgage, if you need their contact information.