One danger of reverse mortgages: A 101-year-old Detroit woman was evicted from her foreclosed house after her son failed to pay property taxes linked to a reverse mortgage. Detroit Free Press columnist Mitch Albom and his charity S.A.Y. Detroit helped her. (Photo: Carlos Osorio/AP Photo)

As seniors enter retirement, many of them are bringing their mortgages right along with them — despite the fact that home equity is on the rise.

Related: Americans worry they will outlive their savings

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.