If you're considering selling your home in Oak Harbor and it has a reverse mortgage, you're not alone. Many local homeowners have used reverse mortgages as a smart way to access their equity—but when it's time to sell, it’s natural to wonder how the process works.

At Team Kelli Lang, we’ve helped homeowners across Oak Harbor successfully sell properties with reverse mortgages. Whether you're downsizing, settling an estate, or moving into assisted living, we’re here to walk you through the process step-by-step—making it simple, stress-free, and profitable.

1. What Is a Reverse Mortgage?

A reverse mortgage is a loan typically available to homeowners 62 or older. It allows you to tap into your home’s equity without making monthly payments. Instead, the loan balance increases over time and is repaid when you sell the home, move out, or pass away.

Key Facts:

• You retain ownership of the home.

• No payments are required until you sell or move.

• The loan must be paid off from sale proceeds at closing.

💡 At the time of sale, the reverse mortgage becomes due in full, and any remaining equity is yours to keep.

2. Can You Sell a Home with a Reverse Mortgage?

Yes—selling a home with a reverse mortgage is completely legal and fairly common. In fact, it’s the natural next step for many homeowners who used the reverse mortgage to support retirement goals.

When you sell, the reverse mortgage is paid off at closing, and any equity left over is yours.

💡 If the reverse mortgage balance is less than the sale price, the remaining equity is returned to you or your estate.

3. What If You Owe More Than the Home Is Worth?

This is where reverse mortgages offer extra peace of mind. They are non-recourse loans, meaning:

• You or your heirs will never owe more than the home is worth.

• If the home sells for less than the loan balance, the lender absorbs the difference, not you.

• You can still sell the property for market value, even if it’s below the loan balance.

💡 Team Kelli Lang works with reverse mortgage lenders and HUD-approved servicers to guide you through short sale or deed-in-lieu options when needed.

4. What Is the Process for Selling a Reverse Mortgage Property?

Here’s a simple step-by-step guide:

Step 1: Request a Payoff Statement

Contact your reverse mortgage lender to obtain a current loan balance payoff.

Step 2: Hire a Local Expert

Work with Team Kelli Lang to assess your home’s market value, prepare it for sale, and attract the right buyers.

Step 3: List and Market the Home

We’ll handle the professional marketing, showing coordination, and negotiation.

Step 4: Close the Sale

At closing, your reverse mortgage is paid off from the sale proceeds. If there’s equity left, it’s yours.

💡 We coordinate all communication between title, escrow, and your lender to ensure a smooth close.

5. What If the Homeowner Has Passed Away?

If you’ve inherited a home in Oak Harbor with a reverse mortgage, you still have options:

• Sell the home and use the proceeds to pay off the loan.

• Sign a deed-in-lieu of foreclosure, transferring the property back to the lender.

• Let the lender foreclose, if no action is taken (not ideal, but sometimes necessary).

💡 We work closely with families and estate representatives to guide them through the legal and financial steps—with care and compassion.

6. Why Oak Harbor Homeowners Choose Team Kelli Lang

Selling a home with a reverse mortgage can feel overwhelming—but we’re here to make it simple. When you work with Team Kelli Lang, you get:

✅ Local market knowledge specific to Oak Harbor

✅ Step-by-step support through every stage of the transaction

✅ Guidance on how to handle reverse mortgage documents and timelines

✅ Professional marketing that attracts serious buyers

✅ A results-driven, caring team that keeps your goals front and center

We help homeowners maximize their equity and move forward with peace of mind.

7. Ready to Sell Your Home with a Reverse Mortgage in Oak Harbor?

Whether you're the homeowner or managing the sale for a loved one, we’re here to help. Let’s make a plan that fits your timeline, your needs, and your financial goals.

📞 Call Team Kelli Lang at 360-929-2217
💻 Or email team@kellilang.com to schedule your free, no-pressure consultation

💡 Selling a home with a reverse mortgage isn’t complicated—when you have the right team on your side. Let’s talk.