If you are a real estate agent or heir who is listing a home with a reverse mortgage loan, it will be very important for you to know what is owed on the balance of the loan. If you do not have the current monthly statement that is mailed out to the borrower monthly, you may need to contact the loan servicer to get this payoff amount. In this video, Jeff Foody, Owner of Northwest Reverse Mortgage, Oregon’s leading reverse mortgage brokerage, discusses how a reverse mortgage shows on a title report and how the amount owed can be deceiving to a listing agent. If you have any reverse mortgage questions, we would love to assist. Please call or email us anytime.