: As the buyer, your purchase price must be high enough to cover the full reverse mortgage balance plus any other liens, unless the lender agrees to a short sale.
: If the loan balance exceeds the home's value, the seller (or their heirs) may need to pursue a Short Sale with the lender’s servicing department to facilitate the transaction. The Purchase Process
: Request a formal payoff statement in writing, including the FHA case number and property address, to know the exact amount needed to clear the lien.