[header] How to sell a reversed mortgaged home [title] Know when you need to sell your reverse mortgaged home. [step] There are several situations in which selling a reverse mortgaged home is nearly inevitable. For instance, if you live alone, live with your spouse or partner, or if you're the last surviving borrower named on the mortgage, the loan must be paid off. 
The easiest way to obtain the money necessary to pay off the mortgage is by selling the house. [substeps] Moving out of the home is defined as leaving the home for 12 months or more.