YES!
But, this is very much a legal issue and you must get professional advice. Another post on this site, located here, explains Foreclosure. Educate yourself by reading it carefully. Then, it is important that you talk to an attorney, if you can afford one. You should also talk to a Reverse Mortgage Professional. (Please keep in mind that although your attorney may be a wealth of information he is likely NOT an expert on Reverse Mortgages. Very few regular mortgage people even understand them! Talking to both kinds of Professionals will give you the safest course.) I recommend The Professionals on this site. They are knowledgeable and will offer assistance at no charge or obligation.

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