Fact: The bank does not take ownership of your home after getting a reverse mortgage; reverse mortgage borrowers maintain their ownership and title of the home. (americanadvisorsgroup.com)
In order to retain ownership of your home after you file for bankruptcy, you will still need to pay the mortgage as you have in the past. (natlbankruptcy.com)
That means security risks — particularly when transferring ownership of a home — are a greater concern. (realtormag.realtor.org)