Attached is the title report for a reverse mortgage in process. There are two parcel numbers associated with the property, one of which has only outbuildings from what I am told. Can you confirm that this would not be an issue to encumber both parcels with a reverse mortgage?
Separate tax IDs can be a problem if the properties can be subdivided. If the improvements encumber both parcels then this is not a problem as the parcels could not be subdivided. When you have the home on one parcel and other outbuildings on a separate parcel then in theory it could be subdivided and is not eligible for HECM financing.