Borrower lives in a property and there are two parcel numbers associated with the property, one of which has only outbuildings. Will this 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. However, both parcels must currently be included on one deed to be eligible. If they are currently on separate deeds this would not be acceptable at all.