I don't think I have enough information to answer your question.However, before the homeowner receives any proceeds from a Reverse Mortgage, all liens (debt) that are secured by your home must be paid in full.... (The Reverse Mortgage can be used to pay off those debts -- including your mortgage.)
A Reverse Mortgage lender wil place a lein your home for more then its value. (Dont panic at this, you only owe the balance of the loan plus the interest/fees tht have accrued.) Though the Reverse Mortgage wont protect you from creditors who hold unsecured debts, it will make it less likely that theyll be able to place a lein and eventually collect on that debt.I hope I was able to answer your question for youTamera FieldReverse Mortgage SpecialistFinancial Freedom
