Can Shareholders Get a Reverse Mortgage?

Nov. 27, 2015 — Can co-op owners successfully apply for a reverse mortgage?

That's the question put forth to Ronda Kaysen in her latest Ask Real Estate column. A reader writes, "I know people who have [reverse mortgages], but I was recently told they are unavailable on co-ops." What's a shareholder to do? Kaysen explains what a reverse mortgage is and talks to two professionals, giving the submitter a firm -- if perhaps unhappy -- answer to their query.