My Dad just passed away recently with a reverse mortgage. I understand how the reverse loans works, by basically putting the house up as collateral, and receiving an amount based on the home's equity (if that's explained correctly). Essentially, the estate loses the house if it can't pay the reverse mortgage.
The problem I had was finding out what happens after the home owner dies:
How quickly does his death need to be reported?
Are there any guidelines that explain how long the provider has to give the estate to clear out the house (if the reverse mortgage can't be paid)?
Are any of those questions provider specific? I'm in the United States.